bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 28.06.2017 | Name days: Kitija, Viesturs, Viestards
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

Construction costs in Latvia grew 0.2% in May

Compared to April, the level of construction costs in Latvia increased by 0.2 % in May 2017. Labour remuneration of workers grew by 0.4 %, maintenance and operational costs of machinery and equipment rose by 0.3 %, whereas prices of building materials increased by 0.2 %.

Residents are certain no new jobs will appear in municipalities after elections

68% or the majority of interviewed Latvian Residents are certain no new jobs will appear after municipal elections, according to results of a survey by CV Market.

LDz Council Chairman Ansis Zeltins approved as new Freeport of Riga CEO

The committee responsible for the selection of candidates picked LDz Council Chairman Ansis Zeltins as the best candidate.

Estonian court: Right to protection of family life also to same-sex couples

Estonian Supreme Court has established in a decision that same-sex couples also have the right to protection of family life, when the court detailed Estonian court jurisdiction in disputes over residence permits involving foreign nationals.

Dzintars losses have declined: can the company survive the crisis?

Compared with 2015, net turnover of Dzintars declined by 104,000 euros in 2016. The company’s losses, on the other hand have declined by 904,000 euros when compared with 2015, says the company’s board member Dagnija Maike.

Victims of Portugal’s forest fires let down by communications with rescuers

After the Portugal wildfires, in which 64 people died and 254 got injured earlier in the month, the government of Portugal has ordered an investigation into the operation of emergency communication operations as at least 10 emergency calls are reported to have failed to reach firefighters.

Latvian Shipping Company sells House of Press for 16.8 million euros

Latvian Shipping Company’s subsidiary LASCO Investment has sold House of Press to PN Project, which is managed by Lithuanian real estate and private capital company Lords LB Asset Management. The total value of the deal is EUR 16.8 million, as reported by LSC.

Latvia and other countries refuse to support proposal for energy efficiency

The proposal to add changes to the Energy Efficiency Directive has been approved, establishing a goal to reach 30% of energy saving within the European Union by 2030.

Netherlands ruled partly liable for 350 Srebrenica victims

In relation to the Srebrenica massacre, an appeals court in the Netherlands has for the most part upheld an earlier ruling that the Dutch state was liable for the deaths of 350 Bosniak men in the 1995 Srebrenica massacre.

Lembergs fails to chair third meeting of the new Ventspils City Council; this time he «lost his voice»

Although the slogan of Ventspils is ‘City with tomorrow’, little changes in the work of the local city council – the organizational process of meetings remains absurd and incomprehensible. For example, Aivars Lembergs, who is legally prohibited from performing his duties as Chairman of Ventspils City Council but has been elected as mayor regardless, could not chair the most recent meeting of the city council. The excuse he gave was that he lost his voice.

Multi-storey building at Zolitude Tragedy site sold at an auction for 3.9 million euros

The multi-storey building located at the site of Zolitude tragedy in Riga, Priedaines Street 20, has been sold at an auction for EUR 3.9 million, according to information published at eizsoles.ta.gov.lv.

Registration of social service providers employs «silence means consent» principle

From now on administrative practice of institutions responsible for social service providers will employ a «silence means consent» principle to reduce bureaucracy. This means if service providers do not receive a response to their application from a ministry by a specific date, service providers will be well within their rights to commence providing services, explains Welfare Ministry.

Experts: Latvia either does not use advantages offered by technologies

In spite of wide technological opportunities to create a powerful digital economy, Latvia either does not know how or simply does not use those advantages. This hurts the country’s competitiveness on the global market.

Estonia pushed to ban low nutritional value products from schools

Food and drinks with a low nutritional value and rich in calories should not be sold in schools, sets forth a bill drafted by the Estonian Social Affairs Ministry and the Minister of Health and Labour.

CEOs admit – it is getting harder and harder to find new workers

Study results show that 60% of businesses admit it is getting harder and harder to find workers. This marks more complex personnel selection processes for employers, which often costs more time and money.

Opinion: consumption of dairy products in Latvia continues to decline

Consumption of dairy products continues to decline in Latvia, says Food Union Vice-President for strategy and businesses development matters Normunds Stanevics.

Russian military incidents over Baltic Sea unprofessional, not hostile, says NATO general

Aviation incidents involving Russian war planes above the Baltic Sea are not clearly hostile against NATO, but are rather unprofessional, Chairman of the NATO Military Committee Gen. Petr Pavel has evaluated.

FCMC applies fines to three Latvian banks

Finance Capital and Market Commission in cooperation with United States Federal Bureau of Investigation found out that three Latvian banks – Baltikums Bank, Privatbank and Reģionālā investīciju banka – have not complied with requirements for combating money laundering and terrorism funding.

Role of NATO forces in Latvia’s state defence to be discussed in detail

On Tuesday, 27 June, Commander of Latvian National Armed Forces Major General Leonids Kalnins will meet with Lieutenant General Manfred Hofmann, who is the NATO's Multinational Corps North-East Headquarters Commander.

After successful Italian local election, Berlusconi sets sights on returning to power

Former Italian Prime Minister Silvio Berlusconi, who has been convicted of tax fraud, has hailed the results of the large support his party has received in alliance with two other parties in the Italian local election.

LCCI decides to request a review of state expenditure

During an extraordinary meeting on Monday, 26 June, Latvian Chamber for Commerce and Industry decided to withdraw its support for the medium-term tax strategy until the government is ready to return to guidelines approved by the Cabinet of Ministers.

London outlines UK’s offer for post-Brexit stay of EU nationals

British Prime Minister Theresa May has stated she wishes for citizens of European Union member states to remain in the UK after the country leaves the bloc, outlining an offer for Brexit talks with Brussels.

Latvian ruling coalition agrees to introduce progressive PIT rate

The ruling coalition in Latvia has reached an agreement to differentiate personal income tax rate at 20%, 23% and 31%, as Prime Minister Maris Kucinskis told journalists after the coalition meeting.

Latvian Transport Ministry signs memorandum with Chinese Xinhua news agency

Transport Ministry’s State Secretary Kaspars Ozolins and Xinhua Vice-President Liu Siyang signed a memorandum on cooperation for mutual exchange of information associated with transport and logistics sector, BNN was informed by the ministry.

Opinion: Latvia is behind other countries both politically and economically

«Unfortunately, often the desire of our politicians to defend national interests is on par with that of the American president in relation to activities of Russian hackers. When two transit companies asked the government to compensate income of EUR 8.3 million lost because of the government’s stance on Ventspils Freeport’s involvement in Nord Stream 2 project, those businessmen were immediately called shameless,» Dienas Biznes journalist Egons Mudulis comments the situation with Nord Stream 2 project in Latvia.

Newest comments