Residents of PFO's expenditures during holidays deemed unnecessary, as per VTB's findings.
In a recent survey conducted by VTB, residents of the Volga Federal District (VFD) have shared their views on vacation expenses. The survey, which was carried out among a representative sample of 1500 Russians aged 18 to 65 in cities with a population of over 100,000, provides insights into the spending habits of VFD residents during their vacations.
The survey found that half of the respondents spend approximately a third (31%) of their vacation budget on entertainment and tours. However, it's important to note that not all entertainment and tour expenses bring joy to 71% of VFD residents, suggesting a need for careful planning and consideration.
Another interesting finding from the survey is that 77% of VFD residents partially restrict their spending on entertainment, souvenirs, and food while on vacation. This could be due to the fact that 79% of respondents have bought unnecessary souvenirs at least once during their vacations, with a third of the respondents admitting to buying unnecessary souvenirs on almost every trip.
To save money on their vacations, many VFD residents employ various strategies. Planning expenses before the trip is one of the popular strategies, with 35% of respondents mentioning it. Using loyalty program discounts is also a common strategy for saving money on vacation, as mentioned by 35% of respondents.
In addition, finding more affordable cafes and restaurants is one of the main tips for saving money on vacation, as suggested by 45% of respondents. This could be particularly relevant given that overpriced restaurant visits were identified as an unnecessary expense during vacations by the survey participants.
It's worth noting that the survey did not provide specific details about the number of respondents or the methodology used. Furthermore, the survey did not specify the criteria used to categorize souvenirs as a vacation expense, nor did it specify the criteria used to categorize vehicle rentals as an unnecessary vacation expense.
Moreover, the survey did not indicate whether the results were representative of the entire population of the VFD or just a specific demographic. Additionally, the survey did not provide information about the cost of living in the VFD or how it may impact vacation spending habits.
Despite these limitations, the VTB survey provides valuable insights into the spending habits of VFD residents during their vacations, offering practical tips for those planning their next getaway.
One potential strategy for budgeting travel expenses within the Volga Federal District (VFD) is to plan expenses before the trip, as mentioned by 35% of survey respondents. Another popular approach to personal-finance management during vacations, cited by 35% of respondents, is to utilize loyalty program discounts. Furthermore, 45% of VFD residents suggested finding more affordable cafes and restaurants as a key tip for saving money on vacation, especially in light of overpriced restaurant visits being identified as an unnecessary vacation expense.
