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Over 40% Of Hungarians Unable To Afford A One-Week Holiday

• 21 Jul 2020 7:31 AM
• Budapest Business Journal

In 2019, 41.5% of Hungarians aged 16 or over were unable to afford paying for an annual one-week holiday away from home, according to data by statistical agency Eurostat.

In 2010, the rate stood at 64.9%.

The EU average share of people unable to afford a one-week holiday fell to 29% from 39% in 2010.

Eurostat argues that the downward trend is likely to halt this year, due to coronavirus-induced lockdowns and border closures implemented across the world.

Among EU Member States, Romania recorded the highest share (54.1%) of individuals unable to afford a one-week holiday. Residents of Greece came second, with 49% not being able to take a one-week holiday away from home, followed by Croatia (48%), Cyprus (45%), and Italy (44%).

On the other hand, only 10% of people in Sweden were unable to afford a one-week annual holiday, followed by Denmark and Luxembourg (both 11%), Finland (12%), Germany and Austria (both 13%).

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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