Big-ticket leisure items such as holidays are forecast to see more spending in 2018 compared to last year, new research indicates.
The optimistic outlook is detailed in a Deloitte survey which notes that consumers are not cutting back on leisure spending despite pressures on disposable income.
Spending in the first quarter of this year is expected to rise or at least stay the same across all leisure categories
“Big-ticket items, such as holidays, are forecast to experience the largest increases among leisure categories compared to this time last year,” Deloitte noted.
“18-34 year olds are again the most positive about leisure spending in the next three months, and plan to spend more on expensive experiences, such as holidays or culture and entertainment.
“Despite pressures from rising inflation and lower wage growth squeezing disposable income, consumers are not cutting back on leisure spending in the same way as they are on other discretionary purchases.”
The survey records that consumers continue to favour leisure activities and maintaining spend on holidays, which are projected to see the largest increases among leisure categories such as eating out and spending on culture and entertainment
“As we step into spring, we expect consumers to continue to spend on leisure activities, in particular, big-ticket items such as holidays, which are forecasted to experience the largest increase in leisure spending compared to this time last year,” Deloitte concluded.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Source: travelweekly.co.uk
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