bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 23.02.2018 | Name days: Haralds, Almants
LithuaniaLithuania

Lithuanian holidaymakers: practical, but tend to lavish for holiday

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Linas Jegelevičius for the BNN

Until now, many surveys pointed out that, when it comes to Lithuanians’ vacation habits, the majority are penny-pinching. However, a new research, this time by a quick loan firm, concluded the opposite – Lithuanians are indeed among the biggest holiday spenders in entire Europe. 

Having analysed Lithuanian clients’ borrowing patterns, the international provider of mobile consumer loans Ferratum Group found out that Lithuanians allot over 70 per cent of their household income for summer expenses – be it annual holiday, a long weekend’s escape or the children’s summer camp.

In that regard, only Estonians (72 per cent) and Bulgarians (72 per cent) surpassed Lithuanians.  With 65 per cent, Latvia was ranked fourth while Brits and Finns were among the continent’s tightest purses, 34 and 35 per cent respectively.

In comparison with the last year, 40 per cent of the surveyed European households said they were going to spend for summer holidays as much as last year, however 30 per cent were intending to invest more.

What summer activities and leisure are most popular?

A quarter of respondents claimed that they were intending to do summer shopping- buy sportswear and leisureware . In Latvia and Estonia, the share was 20 and 11 per cent respectively.

A sizeable part of the surveyees, respectively 13 per cent and 12 percent, admitted of cherishing plans of purchasing sport and tourism goods and investing in their children summer camps.  Meanwhile, nine percent were ready to invest money in active summer sport activities.

«In all the categories, Lithuanians were among the leadings consumers, yet it is clear that most Lithuanians, in summer, prefer summer shopping or indulging any other summer  leisure over holiday abroad,» says Antanas Krasauskas, head of the Lithuanian affiliate of «Ferratum Finance.»

Only a mere nine per cent pointed out that they had planned the bulk of their summer expenses for holiday abroad.

Characteristically to Lithuanians, many of them tend to pay 100 euro and over for the accommodation when on vacation and, relatively, few use Airbnb –type lease.

Interestingly, domestic travelling does not appear on the list of most favourite leisure activities.

«Abroad, it is one of the most popular choices,» noted Krasauskas.

Yet, in terms of borrowing, Lithuanians can be deemed one of the most innovative people – an impressive 73 per cent suggested for the pollsters that they were going to use mobile bank services.

I that regard, Latvians, Estonians and Finns were well behind, respectively 51 per cent, 52 percent and 66 per cent.

Interestingly, Swedes go digital in banking most often – a whopping 92 per cent claimed they would use mobile bank services during their holidays.

«Although three quarters of Lithuanian respondents say they use mobile banking, it seems there is room for that in Lithuania,» the financing company’s representative said.

Meanwhile, the research conducted by «Kantar TNS», a market research and consultations company, also on holiday habits and patterns, found out that Lithuanians are very practical when planning their holiday.

«Most holiday-makers opt for all-included holiday packages in four or five-star hotels. Traditionally, around two-thirds of the to-be vacationers purchase holiday trips well beforehand, at least three or six months before the trip. Needless to say, that way they save a lot. Already now we see a buzz in travel agencies, with many Lithuanians booking their winter holidays,» says Inga Aukštuolytė, head of communications and marketing at «Tez Tour», a major travel agency. “Lithuanians know to reconcile comfort and practicality,”- she added.

Among the most popular winter destinations are Spain and Austria.

«In winter, the travellers usually either look for summer holidays with lots of sun and an azure sea at the feet or crave for a winter escape on the skies and snowboards. For the former, Spain is No 1 as the destination, eclipsing even Italy and Greece according popularity.  For winter lovers, the Alps, either in Italy or Austria, is on top,» she noted.

Traditionally, Lithuanians like to go to Egypt for holiday in winter, despite the alerts that Egypt, safety-wise, might not be the safest place to be.

«However, every year, we see more Lithuanians travelling to the United Emirates for holiday,» the travel agency representative said.

When it comes to Spain, until recently, Tenerife, part of the Canary Islandswas No 1 choice for most Lithuanians, but, recently, Lanzarote and Fuerteventura picked up significantly in the popularity, too.

Asked about this year’s novelties, Aukštuolytė singled out the trend that more travellers use not only charter flights but the regular flights, too.

«Also more people tend to book only accommodation in the tourist destinations,» she noted.

Among the exotic far-flung holiday spots Thailand, Sri Lanka, Cuba, Maldives and some others enjoy more popularity than the others.

Ref: 111.111.103.4669


Leave a reply

  1. Trevor Hudson says:

    It seems to me that Palanga is trying to discourage tourists, I paid 5.40 euro for 3 hours parking last week.
    Nida is the same 300% increase in the national park charge for 2 months from 5 to 20 euro every time you pass the pay station going to Nida.
    Also the Dolphinarium and Sea museum are trying to attract people so they go and stick a 90 ct per hour parking charge, why ?
    It’s no wonder why people want to go abroad.

    Thumb up 0 Thumb down 0

SEB Bank: more employment options will open up and workers will become more selective

«It is becoming easier to change jobs nowadays. The largest selection of employment options are found in regional centres and cities, especially Riga and Pieriga. We see fewer employment options in regions even though there is still considerable demand for workers there,» predicts SEB Bank’s macroeconomics expert Dainis Gašpuitis.

ABLV Bank’s manager claims the bank is ready for cancellation of payment restrictions

ABLV Bank is ready for cancellation of payment restrictions, said the bank’s chairman Ernests Bernis during a press-conference on Thursday, 22 February.

62.9% of Latvia’s population was employed in 2017

Compared to the year before, in 2017 employment rate grew by 1.3 percentage points and number of employed persons by 1.5 thousand. Employment rate among men grew faster than among women – by 1.6 percentage points and 1.0 percentage points, respectively. 894.8 thousand people or 62.9 % of Latvia population aged 15–74 were employed in 2017.

Lithuania and Latvia: the tale between two sisters marked with rivalry

Relations between Lithuania and Latvia, two tight-knit Baltic neighbours, may exemplify a sisterly relationship from the first sight, but just over the course of a single week, several pings rang, signalling that rivalry is, and has always been, a component of coexistence.

Lembergs unable to organize his private life because of intense court proceedings

Lembergs unable to organize his private life because of intense court proceedings

Unemployment level in Latvia decreased to 8.7% in 2017

85.4 thousand people aged 15–74 in Latvia were unemployed in 2017. Compared to 2016, the number of unemployed persons has dropped by 9.9 thousand or 10.4 %.

Council member: ECB is openly dissatisfied with restrictions imposed on Rimšēvičs

The European Central Bank (ECB) is openly dissatisfied with restrictions imposed on one of its council members – governor of the Bank of Latvia Ilmārs Rimšēvičs, said council member of the Bank of Latvia Edvards Kušners in an interview to 900 seconds programme of LNT.

Defence expenditures in Latvia planned at EUR 234 million in 2018

Latvian government plans to spend EUR 234 million on defence projects, including procurement of transports, ammunition, armaments and individual equipment, in 2018 as confirmed by Defence Ministry.

Ministry cancels mandatory procurement component permits for five CHP plants

Latvia’s Economy Ministry has made a decision to cancel the permit to sell electricity within mandatory procurement component for five other renewable energy co-generation plants plants: SIA Madonas Eko, SIA Eiro-Āzijas investment agency, SIA EVOKEM, SIA M Parks, and SIA Eco Latvis.

NSC proposes Maizītis for a second term as Chief of Constitution Protection Bureau

Members of Latvia’s National Security Council have decided to propose the current head of the Constitution Protection Bureau Jānis Maizītis for another term at the helm of this institution, as BNN was informed by the State President’s Chancellery.

Latvijas gāze’s subsidiary Gaso proposes reducing gas transmission price

Latvijas gāze’s subsidiary Gase has turned to Public Utilities Commission with a proposal for a new natural gas transmission system service’s tariff project, providing for a reducing gas transmission price by 18-46% for more than 95% gas consumers.

FCMC invites Bank of Latvia to provide ABLV Bank with yet another emergency loan

The Finance and Capital Market Commission (FCMC) has invited the Bank of Latvia to issue ABLV Bank another emergency loan.

Crime rate in 2017 was the lowest in Latvia’s history

Last year’s crime rate turned out the lowest in Latvia’s history, as reported by Prosecutor General Ēriks Kalnmeiers in his annual report.

LEC: government priorities should include searching for causes and solutions, not the guilty

Latvian Employers’ Confederation (LEC) is worried about ongoing events and their negative effect on the stability and future development of the country’s economy. LEC believes that stabilization of the financial situation requires careful coordination of actions between institutions and the government.

Producer price level in Latvia grew 0.9% in January

Compared to December 2017, level of producer prices in Latvian industry rose by 0.9 % in January 2018. Prices of products sold on the domestic market went up by 1.2 % and prices of exported products by 0.6 %.

Latvian President believes country’s financial system is stable; prime minister plans to report to European Council

«Latvia’s financial system is stable, and there is no reason to worry about possible instability of the banking system. Banks continue working as usual,» says the President of Latvia Raimonds Vējonis.

Corruption Perception Index in Latvia experienced no major changes in 2017

Latvia’s positions did not improve much in Transparency International’s compiled Corruption Perception Index 2017, said Delna – Society for Openness acting director Liene Gātere in an interview to Rīta panorāma programme.

Latvian citizens arrested in Britain under suspicions of organizing slavery

Five people were arrested in a joint international operation by Latvian and British law enforcement operatives, as confirmed by Latvian State Police.

Opinion: Russia is trying to use the situation to create chaos in Latvia

Russia is trying to use the established situation to create chaos in Latvia. Efforts, however, are fated to fail, says chairman of Saeima’s Defence, Internal Affairs and Corruption Prevention Committee Ainars Latkovskis.

Dismissal requested for Latvia’s Finance Minister; parties worried about finance sector sinking deeper

Latvia’s Finance Minister Dana Reizniece-Ozola has failed to prevent the decision made by United States Department of the Treasury, which is ruinous for the country’s financial sector and humiliating for its reputation, says chairman of New Conservative Party Jānis Bordāns.

Defence Ministry: a massive information campaign is being realized against Latvia

Considering events of the last several days in the country’s banking sector and the arrest of the governor of the Bank of Latvia – Ilmārs Rimšēvičs – it is entirely possible that someone is currently realizing a massive information operation. Its structure and execution is not unlike the one observed in USA, France and Germany during the pre-election period, BNN was told by Latvia’s Defence Ministry.

Latvian parliament to search for ways to dismiss current Bank of Latvia governor

Members of Latvia’s Saeima plan to search for a solution in the matter regarding the possible dismissal of the governor of the Bank of Latvia Ilmārs Rimšēvičs.

Bank of Latvia governor: I have received death threats

«This situation is incredibly complicated. This situation is quite possibly the most complicated one I have ever been in. I feel a great deal of support from people I don’t know, as well as my friends and family members. I have decided to not back down – I am innocent. The the people attacking my reputation have only one goal in mind – to have me step down,» said the governor of the Bank of Latvia Ilmārs Rimšēvičs during a press conference on Tuesday, 20 February.

Proportion of people working in Latvia’s culture sector is larger than the average in EU

The number of people working in Latvia’s culture sector is equal to 4.5% of the total number of employed people in the country. This proportion is also larger than the average one across the European Union, according to data published by Eurostat.

Ministry: idea for compulsory secondary education should be put on hold for now

Considering that Latvia’s Education and Science Ministry has several ongoing industry reforms, it would be best to put the proposal for compulsory secondary education on hold, said Education and Science Minister Kārlis Šadurskis during a meeting of Saeima’s Education, Culture and Science Committee.