More than one half of Czechs will use their children’s spring break for taking their own vacations. Only a negligible percentage of Czechs will afford a more expensive spring vacation.
26.02.2014Company: Citibank Europe plc, organizacni slozka
PRAGUE – The one-week spring breaks, the series of which have already started at Czech schools, will be used by 53% of Czech parents for taking a vacation from work. Most of those polled (83%) will spend their vacation in the Czech Republic. More than 60% of parents will go to the mountains, either in the Czech Republic or abroad, with their children in February or March. Warm weather and the sea attract a smaller number of families (7,5%); trips are more expensive because of the CZK/EUR rate, and fewer families can afford them. The above are the outcomes of a survey carried out for Citibank.
“Spring breaks at Czech schools are an excellent opportunity for many parents to take their own vacations. Despite the unfavorable weather during this year’s winter, almost 61% of Czechs are planning to go to the mountains, 8% will travel to the seaside to enjoy warm weather, and 17% will stay at home with their kids for the spring break,” Veronika Špaňárová, Retail Bank Head at Citibank, adds to the results of the survey.
Only a negligible percentage of Czechs will afford a more expensive spring vacation
One-third of the respondents in the poll reported that the costs of their vacation during the spring breaks will be up to CZK 5,000, and almost the same number of people (34%) will spend CZK 5,000 to 10,000 on their spring break. Vacations will cost CZK 10,000 to 15,000 for almost one-fifth (18%) of Czechs. Only 2% of Czech families with children will buy more expensive vacations in excess of CZK 30,000.
Czechs becoming more responsible
Most of the parents who will go on vacation with their children (87%) will pay for them from their own savings. Only 2.5% of households will borrow from family members or a financial institution to meet their outlays on travelling in the spring.
Credit cards are becoming an increasingly popular instrument for covering vacation costs. “Thanks to credit card payments people can save money, and not only in relation to vacations. In the case of our credit cards, savings can materialize, for example, thanks to the reward in the form of the Citi Life Premiums amounting to 2% of the value of purchase made using a Citi Life credit card, while reward can reach up to CZK 1 000 each month. In addition to this, our clients can obtain up to 25% discounts from all partners of the Citi Club program when they use their credit cards for payment,” says Veronika Špaňárová, adding: “And it is the offering of accommodation in the mountains which is particularly extensive in the Citi Club program in this period of time.”
The Citi Club program’s partners also include travel agencies, recreational facilities, hotels, restaurants, wellness clubs and others who offer enjoyable activities for the spring break.
The survey was carried out at the end of January and the beginning of February 2014 through an IPSOS online tool, Instant Research, amongst 525 respondents in the Czech Republic aged 18 to 65, who have at least one child up to the age of 18.
