Greeks priced out of vacation

Vacations are a midsummer night's dream this year for a large portion of Greeks, as the high prices of services and holiday packages make it prohibitive for some to plan leisure trips even to nearby and relatively cheaper destinations. Costs remain high for Greek households, many of whom are cutting back on spending, not only on vacations and travel, but also on essentials like food.

This is reflected in a survey by the Research Institute for Retail Consumer Goods (IELKA), according to which one in two consumers declares they will not take a vacation this year. The same research captures another trend: the reduced vacations, as 32% state they will go away for fewer days.

Price hikes in categories of services and products directly connected to the summer getaways of Greek travelers are also reflected by data from ELSTAT that record the course of inflation in June. 

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