Clúster

• The data from the study carried out by the consulting firm reflects a significant change in the spending priorities of Spanish citizens.

The consultancy and company in the tourism sector, Braintrust, has published a new report focused on the analysis of travel spending by Spanish households in relation to their income. According to the study, tourism has been democratized and has become a priority for families after the pandemic, representing a line of recurring spending.

The consulting firm’s analysis reveals that, on average, Spaniards allocate around 3% of their annual income to traveling. This figure is obtained after delving into the analysis of travel spending since 2016, considering expenses such as air transportation, accommodation and tourist packages.

Data shows that the percentage of spending on travel varies depending on the level of household income. In households with incomes of less than a thousand euros per month, travel spending represents approximately 1% of the total budget, while in households with incomes of more than five thousand euros, it can reach up to 6%.

According to the report, 20% of travel spending comes from the 32% of households with the lowest purchasing power, while the wealthiest households, which represent close to a third of the total, are responsible for a significant portion of travel spending.

Ángel García Butragueño, Director of Tourism of the consultancy, highlights that the pandemic has changed people’s vital priorities, and that even households with lower incomes allocate an important part of their budget to leisure, including travel, which enriches the life experience.