Canary Islanders, those who suffer the most from the rise in the cost of living: the majority will cut back on holidays

The increase in the cost of living continues to modify the daily consumption and summer rest planning of workers.

82.1% of workers in the Canary Islands will modify their summer plans in some way, either by cutting back on days of stay (43.5%) or choosing a more economical destination or accommodation (38.6%), according to data from the latest analysis by the temporary employment agency Randstad. For their part, 17.9% of workers state that they will keep their vacations unchanged.

In the regional comparison, the Canary Islands lead the holiday readjustment in the country (82.1%) and join the pattern of communities such as Madrid (42.1%) or Castilla-La Mancha (42.5%), where reducing days is the main option with 43.4%. In contrast, in regions such as the Valencian Community (41.5%) or Navarra (46.9%), the priority is to look for cheaper travel alternatives.

Likewise, the Canary Islands lead the impact at the national level on daily consumption: 93.7% have had to modify their daily habits as a consequence of the increase in the cost of living. Of these, 80.1% have modified them completely, while 13.6% only in some cases.

The increase in the cost of living affects consumption and rest throughout Spain

According to a survey by Randstad conducted on a representative sample of almost 5,700 workers, 73.9% of Spanish workers have already had to modify their daily consumption habits and 77.3% state that the increase in cost will directly affect their vacations.

The budget for summer vacations is the big sacrifice this year. In detail, 40.1% of the surveyed workers will opt to reduce the duration of their trip (fewer days of stay), while 37.2% will prioritize looking for more economical destinations or accommodations. Only 22.7% of workers will keep their vacations without any type of readjustment.

Working women suffer a greater global adjustment in their vacations (80.1% compared to 74.6% of men). Specifically, 39.3% of female workers will choose a cheaper destination (compared to 35.2% of men) and 40.7% will cut back on days of stay (compared to 39.4% of men).

The 25 to 44 year old group is the most affected (79.2% modify their plans), being the generation most exposed to the increase in the cost of mortgages and rents. This group leads both in cutting travel days (40.6%) and in seeking more economical accommodation (38.6%), clearly surpassing those over 45 years old (76.2% modification) and young people aged 18 to 24 (73.5%).

Finally, educational level also acts as a differentiating factor since, generally, a higher level of education is usually linked to higher salaries. Workers with postgraduate or doctoral level education are the ones who most preserve their vacations (27.5% will not modify them). At the opposite extreme, workers with basic education (42.0%) and high school or vocational training (40.9%) are the ones most forced to cut back on days away from home.