41.5% of Canary Islands residents expect to spend less during the summer holidays, some ten percentage points more than the same figure for last year, when it was 31.6%, according to the study of summer spending intentions carried out by the Cetelem Observatory.
Likewise, the percentage of citizens of the archipelago who say they intend to make the same outlay as the previous year was also 41.5%, which represents an increase compared to 2022, when it was 34.2%.
Cetelem has highlighted the decrease in the number of Canary Islanders intending to spend more; 17.1% compared to 34.2% in 2022. This is a lower figure than the Spanish average, where the percentage of those who say they intend to spend more is 25.5%.
On the islands, the average spending forecast for summer holidays in 2023 is 932 euros, which is 3% less than the spending intention shown in 2022. This is also lower than the Spanish average of 1,174 euros.
Meanwhile, 58.5% of the Canary Islanders surveyed plan to go out to restaurants this summer. This is the activity with the highest percentage of responses, followed by 36.1% who will go shopping and 34.1% who say they will travel within Spain to hotels or flats.