The way vacation budgets are spent presents an interesting aspect in the context of technological evolution and the diversification of payment methods:
54% of Romanians participating in a study conducted by momondo.ro stated that they still pay cash when traveling, representing one of the highest percentages among the 24 nationalities participating in the analysis.
Thus, according to momondo.ro, only respondents from Germany and Austria surpass those from Romania, with 58% of study participants selecting this payment option.
Norwegians use cards the most on vacation, with 75% stating they usually pay using cards or payment apps.
The majority of Romanian respondents (59%) say they usually save during the year to use the money during vacations, similar to last year (60%).
Among those who travel more for business, 18% specified that on regular days they prefer to walk or use a bicycle to save fuel money for vacations, while among non-business travelers, only 9% use this method of saving. Overall, Romanians prefer walking or cycling 2% more than the previous year and compared to the average of all global responses.
Romanians spend the most on shopping during vacations: 50% of respondents stated that most of their vacation budget is spent on such purchases. They are followed by Brazilians, at 49%.
At the opposite end, only 28% of respondents from France consume a large part of their vacation budget through shopping.
Romanians spend just as much money on dining out during vacations, but this percentage is much closer to the average of all countries participating in the survey: 53%. Sweden ranked first in this category.
According to the study, Romanians intend to spend their vacations in locations within our country; in 2020, there are 10% fewer than in the previous year.
Source: Profit
Frequently Asked Questions
Why do Romanians prefer cash on vacation?
According to the momondo.ro study, 54% of Romanians prefer cash, a cultural preference shared with countries like Germany and Austria, despite the rise of digital payments.
What do Romanians spend the most on during holidays?
Shopping is a top priority, with 50% of Romanians allocating the largest portion of their budget to it, followed closely by dining out at 53%.
How do Romanians save for their vacations?
Most Romanians (59%) save throughout the year, with some even choosing to walk or bike instead of driving to set aside fuel money for their trips.