Holiday spending to rise to 15.3 billion euros

Holiday spending to rise to 15.3 billion euros

The Dutch are expected to spend euro 15.3 billion on their holidays this year. That is 2 percent more than last year.

The number of holidays will increase with more than 1 percent to 36.5 million. That forecast does ING Economics Department in its industry vision Travel organizations published on Thursday.

ING expects that the growth experienced by the travel industry since the early nineties to the present century will not return for the time being. Then, the number of holidays grew 2 percent annually, and the expenses by nearly 4 percent.

The lower population growth put a brake on growth, aging makes for a good part, according to ING.

Because spending on travel continues to grow faster than the number of trips, average amount that people spend increasing. In 2010 it came to over 415 per trip. “On a short holiday in the Netherlands, we average 100 euros. On a long holiday abroad just under 800 euros, “said Sasha Sector Manager of As-Winters ING.

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