Will the Inflation Rate affect Poles’ Vacation Plans?

Almost two-thirds of Poles admit that their holiday decisions will be influenced by the inflation rate and rising prices, according to the ARC Rynek Opinions survey. Despite unfavorable factors, the percentage of people planning to spend their holidays abroad noticeably increased.

The May weekend is ahead of us, and the next month will start the holidays, the first in two years without pandemic restrictions, but in the conditions of the double-digit inflation rate, the highest in over 20 years. The ARC Rynek Opinions survey shows that 59%. Poles believe that holiday trips are more expensive this year than last year, of which every third respondent claims that the prices are much higher.

What is Important in Inflation Rate:

66% of respondents admit that inflation rates and rising prices of services will have an impact on their holiday decisions. Almost every fourth respondent (23%) admits that they do not plan a summer trip this year, and 18% have not yet made a decision. 35% of respondents plan to spend holidays in the country, and 11% abroad. An almost identical percentage of respondents (12%) intend to rest both at home and abroad.

Interestingly, compared to last year, the percentage of people planning to rest only in the country has significantly decreased, while the group of people who want to rest only abroad has noticeably increased.

– The results of the survey show that Poles want to go abroad on vacation, despite various unfavorable factors, such as inflation rates. Over the past two years, Covid and the related restrictions have been a factor in limiting trips abroad. Currently, the inflation rate is such a factor, though a large proportion of people plan to go abroad anyway.

– Of course, there is the issue of prices in domestic tourism – the tourist industry is trying to compensate for the losses from the last two years, which is why prices are also high. This is not exactly the right strategy, because perhaps it is better to attract a less wealthy Polish tourist than none.

The more so as Poland, as a country located close to the front line, may suffer from the outflow of foreign tourists in terms of tourism. It is worth remembering that Poles can fill this gap, provided that they receive a good offer.

Business Implications for Poland

Economic and regulatory developments in Poland have broad implications for businesses operating in the country. Poland’s economy, the largest in Central and Eastern Europe, continues to attract international investors and entrepreneurs seeking EU market access, competitive costs, and a skilled workforce of over 17 million workers.

For foreign companies and entrepreneurs doing business in Poland, staying informed about economic trends, regulatory changes, and market dynamics is essential for strategic decision-making. Whether you are considering entering the Polish market, expanding existing operations, or optimizing your corporate structure, professional advisory support can help navigate the complexities of the Polish business environment.

Poland offers a comprehensive business infrastructure including special economic zones with tax incentives, a well-developed banking system, modern office space in major cities, and a legal framework aligned with EU standards. These factors, combined with Poland’s strategic geographic position between Western and Eastern Europe, make it an attractive hub for businesses targeting the broader European market.

If you are doing business in Poland or considering entering the Polish market, Zalewski Consulting can help. Learn more about our personal income tax advisory, or contact us for a free consultation.