More Europeans are willing to take a trip this year than last and for this purpose their habits have also changed. According to a survey by the European Travel Commission (ETC) 77% of Europeans intend to take a trip in the first 6 months of 2023. This represents a sharp increase of 16% compared to last year’s figures.
At the same time, Greece remains in fifth place among the ten most popular destinations for European tourists, with Croatia “dangerously” close, which is in sixth place.
Auspicious start for tourism in 2023
Travelers also show an increasing desire to travel outside their own country, with 63% of respondents now preferring international travel within Europe. This represents double-digit growth of 13% in just one year.
Remarkably, their planned holiday budget remains unchanged, showing a determination to travel despite the financial uncertainty. Up 6% on a year ago, 37% of Europeans will continue to spend between €1,000 – €2,000 per person per trip on their next holiday. A further 19% will spend more, exceeding the €2,000 limit.
Of all Europeans, Poles are most enthusiastic about traveling (83.2% say they will travel in the next six months), followed by Italians (80.4%), Spaniards (79.2%) and Britons and Germans with 79.1 %.
Europeans aged 35 and over have a greater desire to travel in the coming months than their younger counterparts, who show higher levels of travel uncertainty.
The majority of Europeans (66%) are planning trips from March onwards.
Interest in visiting non-neighboring destinations is increasing significantly compared to a year ago.
The ten most popular destinations
France 9.9%
Italy 8.9%
Spain 8.4%
Germany 6.4%
Greece 5.8%
Croatia 5.6%
Austria 4.8%
Portugal 4.7%
Turkey 3.4%
Belgium 3.2%
The vast majority (72%) of Europeans plan to travel for leisure in the short term, with Sun & Beach, City Break and Culture & Heritage trips being Europeans’ top choices for January-June 2023.
Despite economic concerns, Europeans expect to spend the same amount of time and money on vacation as last year.
35% of Sun & Beach travelers will spend over €1,500 on their next holiday, compared to 29% of Nature & Outdoors travelers and 21% of City Break travelers.
Among the age groups, Europeans +54 are more likely to take longer vacations and have a budget of more than €2,000.
The proportion of Europeans who have fully/partially booked their next trip (44%) has increased by 7% compared to a year ago, while 47% of Europeans have chosen their destination at the beginning of summer but have not still booked.
Concerns of European travelers
For 23% of Europeans, the increased cost of travel is a primary source of concern, while 18% are mainly concerned about their financial situation.
Europeans also remain cautious about the war in Ukraine and 31% of respondents will make changes to their upcoming trip because of the conflict.
Commenting on the research, Luís Araújo, President of ETC, said: “Recent data shows that travel remains a top priority for Europeans in the first half of 2023. This is welcome news, especially considering that much of the intended travel has planned within Europe. These trends paint a hopeful picture for the industry this year and demonstrate its resilience in the face of global economic challenges. Now, to capitalize on consumer trust and early bookings, the industry will need to closely monitor and anticipate changes in consumer needs and adjust their offerings accordingly.”
Europeans are changing their habits to keep traveling
The survey shows that the current economic climate remains a major concern for travelers. Rising travel costs worry 23% of Europeans, while a further 18% say they are concerned about their personal finances and financial situation.
Travelers are responding to economic challenges with a more proactive and flexible purchasing behavior. Europeans commit to their trips earlier than a year ago: 44% have already fully or partially booked their next holiday, an increase of 7% compared to 2022. When choosing a destination, attractive offers and opportunities (17%) are a key concern, second only to pleasant weather (18%).
Another behavioral change is in spending habits during travel. Most respondents plan to cut back on shopping at the destination (18%), book cheaper accommodation (16%) and choose more affordable restaurants (15%) to fit into their holiday budget. Buying all-inclusive packages and visiting fewer attractions with an entrance fee are also considered by 12% and 10% of respondents, respectively.
Travel budgets remain a priority
Even as energy costs soar and basic necessities such as food and clothing follow suit, travel continues to be a high priority for Europeans. Notably, travel is the only discretionary expense that people are willing to maintain (59%) or increase (16%) spending in today’s economic conditions. In fact, 58% of respondents plan to travel at least twice domestically or internationally in the coming months.
In contrast, the outlook is not bright for retail spending on items such as electronics and clothing, personal care services, and leisure and entertainment purchases for concerts, dining out and sports. Less than half of respondents (47%) plan to spend the same amount in these categories, while only 8% are considering increasing their spending.
Greece fifth destination head-to-head with Croatia
Greece is in fifth place in a list of ten most popular European tourist destinations for 2023, according to the European Travel Commission (ETC) survey, with Germans, French, Belgians, Poles and Austrians ranking it in top five of their choices.
The most popular country is France, with a share of 9.9%, followed by Italy, with a share of 8.9%, and Spain, with a share of 8.4%, in second and third place, respectively. In fourth place is Germany, with a share of 6.4%, and immediately next is Greece, with a share of 5.8%.
It is completed by Croatia (5.6%), Austria (4.8%), Portugal (4.7%), Turkey (3.4%) and Belgium (3.2%).
Greece is in fifth place in the preferences of Germans, with a percentage of 7%, in fourth place in the preferences of French travelers (8%), in fifth place for Belgian travelers, in third place among tourist destinations in the Polish and Austrian markets. The survey was conducted in ten European source markets of high traveler volume, Germany, UK, France, Netherlands, Italy, Belgium, Switzerland, Spain, Poland and Austria.
Latest News
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti
Brain Gain: Returning Greeks Drive Innovation and Growth in IT and Key Sectors
The profile of the returnees to Greece reveals that 67.6% have families, and 52% have children
New Regulations Target Airbnb Rentals in Greece with Safety and Quality Standard
Additionally, a new ranking system for tourist accommodations based on sustainability criteria is expected to be introduced
Piraeus Port Authority: Net Profits Exceed 70mln€ in Jan-Sep 2024
All indices rise in third quarter of 2024 compared to corresponding period of 2023