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2 in 10 Spaniards Will Finance Their Easter Holidays with Credit This Year

2 in 10 Spaniards Will Finance Their Easter Holidays with Credit This Year

Two-thirds of Spaniards plan to travel outside their hometowns during the upcoming Easter break. Young people and men are leading the charge, with 74.4% and 70.7% respectively opting to take a trip. This trend is revealed in Oney’s “Easter Holiday Consumption Habits” study, which surveyed Spanish consumers about their plans for the holidays.

Top Destinations

Andalusia is the top destination for Easter travelers, with 3 in 10 respondents planning to visit. The region’s popularity spans across age groups, genders, and income levels. The Valencia region and Europe are distant seconds, attracting 8.6% and 8.1% of travelers, respectively.

When it comes to budgeting, Spaniards plan to spend an average of €588 during the Easter break. Older individuals (55-65 years) and those with higher household incomes (over €4,000) tend to splurge, with average expenditures exceeding €700. In contrast, younger travelers (24-35 years), those living in smaller towns, and lower-income households are more budget-conscious.

The factors influencing destination choice vary between men and women. While men prioritize accommodation availability (38%) and tradition (36%), women focus on the weather (52.3%) and vacation duration (48.6%).

Financing Holiday Plans

About 22% of Spaniards plan to use financing options to fund their Easter break. The majority (14.5%) will opt for deferred payment, while 7.5% will take out a personal loan. Younger individuals (18-34 years), those with lower household incomes, and men are more likely to seek personal loans. The average loan amount has decreased by 21% compared to 2024, from €6,300 to €5,000.

When repaying loans, over half (53.4%) of Spaniards prefer balancing payment duration and interest rates. A quarter (25.8%) opt for the shortest repayment period, while 20.8% choose the longest possible term with reasonable interest rates. Younger individuals (31%) and those with lower incomes (27.5%) tend to prefer longer repayment periods. The average repayment term has decreased by 20% to 48 months this year, although the number of loan applications has doubled since 2022.

When it comes to financing, Spaniards value security and trust in the lender (60.2%), transparent interest rates (51.6%), simplicity (46.1%), flexible payment terms (44.3%), and quick approval (41.2%). Women and individuals aged 45-54 prioritize transparent interest rates, while older individuals focus on fast approval.

According to Salvador Loscertales, Oney’s Managing Director in Spain, “Spanish consumers are increasingly seeking digital services and e-commerce solutions. They’re also looking for flexible financial management options, driving demand for innovative payment solutions.”

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