'%20id='ico-down'%20stroke='%23000000'%20stroke-width='1.5'%3e%3cg%20transform='translate(1092.250000,%20254.750000)'%3e%3cpolyline%20id='Path-2-Copy-4'%20transform='translate(5.500000,%202.750000)%20scale(1,%20-1)%20rotate(-180.000000)%20translate(-5.500000,%20-2.750000)%20'%20points='0%200%205.5%205.5%2011%200'%3e%3c/polyline%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e){kind=small}
The Portuguese Institute of Administration and Marketing (IPAM) has revealed that Portuguese families are expected to spend around €712 this year on their annual holiday. The Algarve and Europe are the most popular destinations chosen by the Portuguese holiday choices, with 52% craving time at the beach to relax and recharge.
This annual holiday budget has only slightly increased since the 2017 figure of €700, but the period of two weeks remains favourite, predominantly taken between July and September (85%).
Those wanting to travel further afield prefer chose Europe as their number one vacation destination (34%), followed by Africa (4%) then South America (2%).