The leisure letter, 34
1 August 1984
Germans prefer to stay home on vacation rather than travel on credit.
Only those who can truly afford it go on vacation. Taking on debt for holiday fun is hardly an option for Germans. In that case, as a representative opinion poll by the BAT Leisure Research Institute revealed, they prefer to stay home.
The survey reveals that taking out a loan for a relatively short-term experience is apparently perceived as unsound, as only 1,103 of those surveyed are willing to do so. Germans, as is well known, do not have such concerns when it comes to more durable material goods such as furniture, cars, or televisions.
Of those who travel for vacation, at least one in four is able to finance their trip from their regular income. However, more than half (55%) need to plan their travel finances well in advance. They either put extra money into a vacation fund each month (26%) or they dip into their regular savings account (29%).
For 15 %, the holiday pay from their employer finances their holiday trip, while for 11 %, it is their parents who make a trip possible. Among 14- to 19-year-olds, every second person is even invited by their parents.


