Debt-Fueled Travel: Quebecers’ Willingness to Sacrifice to Explore

2023-08-09 12:11:23

Inflation or not, Quebecers do not hesitate to treat themselves to travel, even if it means going into debt and reducing grocery expenses, according to a recent survey published Wednesday.

According to the FlightHub Group probe, nearly half of Quebecers who have flown at least once in the past two years have had to cut non-essential expenses to afford a moment of escape this year.

According to the survey, more than 1 out of 4 Quebecers (26%) who cannot afford to travel have already chosen to finance their travel plans with their credit card or any other source of financing.

About 41% of those surveyed said they are cutting back on daily grocery spending to afford a travel experience they can’t ordinarily afford, according to the survey which highlights the need for more travel solutions. affordable.

The survey reveals that 53% of Quebec millennials (69% across Canada) have had to make compromises in order to satisfy their desire to escape, by reducing their outings to restaurants, the cinema or concerts.

“This enthusiasm for travel and the human experiences that come with it, despite the economic challenges, highlights the deep desire for a change of scenery and connection, and more particularly among the younger generation”, explained Christopher Cave, CEO of FlightHub Group. .

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