Study: 16% of Russians plan trips abroad this year

05.06.2020 residents of seven major cities shared their plans to make holidays. 45% of participating in the Raiffeisenbank study expect to spend no more than 640 Euros on vacation abroad this year per person. And 38% of residents are going to save money more intensively than usual.

Raiffeisenbank conducted its research from May 25 to June 2 among residents of seven large Russian cities (a list is not available), a total of 2 150 respondents took part in it. According to the All-Russian Public Opinion Research Center (VSIOM), last spring the Russians called the amount of estimated spending for a summer vacation – it was 705 Euros for one person. However, following the results of the season, spending amounted to 564 Euros – these were the data of VSIOM survey, conducted in September 2019. At the same time, only 18% (out of 1 600 respondents), made holidays in Russia or abroad, the rest spent summer vacations at home region.

The holiday’s intentions among the audience of Raiffeisenbank are more optimistic - 57% said they plan to travel around the country. Another 16% do not lose hope of traveling abroad this year, and 14% intend to make holiday at home and abroad, and this is despite the continuing uncertainty about the timing of the resumption of international flights.

Such results can be explained by the fact that in large cities, where the study was conducted, the financial capabilities of the population are higher than in the country as a whole, and people can afford travels more often.