79% of Italians to stay home at Christmas amid crisis

Holiday spending forecast for 2013 grim

79% of Italians to stay home at Christmas amid crisis

(ANSA) – Rome, November 23 – The vast majority of Italians are expected to stay at home between Christmas and Epiphany as the present economic downturn continues to bite, tourism representatives said on Friday. According to a study conducted by the research institute SWG on behalf of business association Confesercenti and its tourism wing Assoturismo, 79% of Italians will not be taking a single day of holiday over the festive period. Just five percent will be going away for Christmas and nine percent for New Year, with the remaining population taking some time off between December 22 and January 6. The forecast for 2013 is no better according to the survey. Only 23% of Italians said they did not intend to cut back on holiday spending, while 46% said they would be taking less holiday and spending less.

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