2024-03-16 06:04:00
Previously preserved, the travel budget is starting to suffer from the decline in purchasing power. The number of French people planning to leave this summer is falling, as is the average budget of those leaving. Among those who have given up are mainly the independents.
Until last year the French had preserved their vacation budget. This will no longer be the case this year, at least for some of them. A larger proportion of households than last year also decided to cut this budget. With the first consequence, a reduction in the number of those planning to leave this summer.
Protourisme, which conducts the survey every year, had already noted a small decline in 2023, but almost four months before the first big departure wave, the latter is increasing. We go from almost one in two households (49%) in 2022 to 46% this year.
Traders, craftsmen and farmers will be significantly fewer on vacation
The French who left once more last year and gave up this year are those whose purchasing power has fallen the most: traders, craftsmen, farmers… In short, all these self-employed workers, whose income is not guaranteed to one month to the next and who are the first affected by the decline in economic growth.
While executives who have not necessarily benefited from increases in line with inflation, continue to preserve these moments of rest that constitute their vacations. According to Protourisme, 72% will take advantage of their summer vacation to travel this year.
A budget down 7% for those leaving this summer
Tourism professionals must therefore expect a reduction in the number of French vacationers but also lower spending. The average amount that French people who will leave this summer have planned to spend on their vacation increases from 2,638 to 2,450 euros, a drop of 7%.
A decline all the more significant as prices, in this sector too, have tended to increase. We saw this very recently with the increase in the prices of train tickets sold by the SNCF for the summer period. However, there are still 20% of households who continue to anticipate spending more than 3,500 euros for their summer vacation.
4 out of 10 Ile-de-France residents are planning a vacation abroad
Among them are a large number of those who, this year, have planned to go abroad. Starting with Ile-de-France residents, 42% of whom are planning vacations outside France, while the average for residents of small and medium-sized towns is 25%.
This strong difference is obviously due to their respective levels of purchasing power but also to the fact that, this summer, many Ile-de-France residents do not want to be in France during the Olympic Games.
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