If you want to take a cheap holiday this summer, you should go to Bulgaria, Hungary or Turkey. There, an Austrian can get goods and services worth 187, 179 or 164 euros for 100 euros. This is the result of an investigation by Bank Austria published yesterday, Wednesday.
However, the general purchasing power of the euro on holiday abroad is somewhat weaker this year than it was last time. According to the bank experts, this is due to slightly higher inflation in Austria compared to the previous year and partly to the devaluation of the euro.
On average, however, the “holiday euro” abroad is still 18 percent higher than its domestic value this year. Among the most popular holiday destinations, a holidaymaker from Austria can also get more for his “holiday euro” in Croatia, Portugal, Greece, Slovenia and Spain ” Expect than at home. On the other hand, there is a higher price level in the United Kingdom, France and Sweden, said Bank Austria chief economist Stefan Bruckbauer. It is most expensive in Canada, the USA and Switzerland.
However, the purchasing power of the euro should only play a secondary role when considering a holiday, said Bruckbauer. The pandemic developments and the geopolitical crises associated with inflation and increased energy prices are more decisive.
Source: Nachrichten
