IRISH HOLIDAYMAKERS ARE expecting to spend an average of €1,000 while on vacation this year, according to the latest data from KBC.

The bank’s Saving’s Barometer indicates that 60 per cent of Irish people plan on taking a summer holiday hits year.

Some 70 per cent of those going on holidays are saving specifically for the holiday itself and unsurprisingly savers are far more likely to take a holiday than those without a savings account.

There’s no gender imbalance when it comes to taking a break with men and women equally as likely to go on holiday. However men expect to spend significantly more than women while on holiday; €1,158 as opposed to €858.

Though most Irish holidaymakers save for their trip, 20 per cent plan to use their credit card and 5 per cent intend on taking out a loan to pay for it.

Only 17 per cent of people plan to stay in Ireland for a ‘stayaction’ while almost one in three plan a sun holiday.

Read: 10 tips for avoiding those excess baggage fees>
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