Uncovering excessive spending by vacation goers, as outlined by VTB.
In a recent survey conducted by VTB, a representative sample of 1500 Russians aged 18 to 65 living in cities with a population of over 100,000 were questioned about their vacation spending habits. The "Khabarovsk Krai Today" news agency reported these findings.
The survey revealed that 72% of Far Easterners have bought unnecessary souvenirs at least once during their vacations, with 64% considering such spending unnecessary. On the other hand, 24% of respondents admitted to spending money on souvenirs in almost every trip.
Finding more affordable cafes and restaurants is a popular tip for saving money on vacation, according to 35% of Far Easterners. This is followed closely by planning expenses before the trip (33%) and choosing the most suitable cashback categories in advance (33%). Using loyalty program discounts is also a popular method for saving money, with 33% of Far Easterners endorsing this tip.
Entertainment and excursions account for a significant portion of vacation budgets, with 39% of Far Easterners spending up to 40% of their budget on these activities. However, 63% of Far East residents have expressed disappointment with the money they spent on entertainment or visiting famous attractions at least once. This suggests a need for better planning and budgeting when it comes to these expenses.
Interestingly, 52% of Far Easterners consider spontaneous entertainment expenses unnecessary during their vacation, while 36% consider visiting overpriced restaurants as unnecessary. This indicates a preference for pre-planned activities and budget-friendly dining options among Far Eastern travelers.
In conclusion, the survey provides valuable insights into the spending habits of Far Eastern travelers, highlighting areas where savings can be made and potential pitfalls to avoid. For those planning a vacation, these findings can serve as a useful guide to make the most of their budget and ensure a memorable trip.
Personal-finance management is crucial for vacation planning, as evidenced by the survey where 33% of Far Easterners choose to plan expenses before the trip, and 33% prefer choosing the most suitable cashback categories in advance to save money. Moreover, 52% of Far Easterners view spontaneous entertainment expenses as unnecessary, indicating a preference for pre-planned activities, which can be a part of effective budgeting for personal-finance during vacations.
