Every eighth P2P investor in Europe spends the most on travelling

Every eighth P2P investor in Europe spends the most on travelling
08.11.2019 09:11 am

Every eighth P2P investor in Europe spends the most on travelling

P2P Lending
Along with everyday expenses, such as housing and food, European investors spend a lot on trips. Thus, travelling is the largest expense in the budget for 12.3% of them. These are the findings of a recent survey conducted by the P2P platform Robo.cash.
 
For most investors in Europe, the largest expense items in the budget are housing and food, as noted by 58.9% and 16.7% of respondents, respectively. Interestingly, the next most popular answer was travelling. It was mentioned by every eighth investor (12.3%). Other responses included  transport, clothing, healthcare, investment and savings.
 
 
Analysts of the company point out that the travel frequency depends largely on financial abilities and free time of investors. Thus, according to a previous survey of the platform, only 67% of investors work full time. 8.1% are employed part time and are less dependent on the working schedule. 13.3% of respondents are entrepreneurs, who have a steady income and can manage their time more freely. Another 2.8% are retired and have an opportunity to travel at any time.
 
It is remarkable that among the German respondents, whose largest expense is also housing (72.1%), travelling was the second most popular answer (7.4%). Only 6.8% said they spent most on transport, and 6.3% - on food. The tendency of German investors to travel a lot correlates with the Eurostat data, according to which tourists from Germany spent the most (26%) on domestic and outbound trips in 2017 compared to other EU countries. On the global scale, in 2018, Germany ranked third by international tourism expenditure with 94 billion USD, following the United States and China. 
 
The survey was conducted by Robo.cash in October and included 600 P2P investors from European countries. The majority of respondents represented Germany - 38.8%.

Related News

iwoca announces OpenLending which aims to serve 2 million SMEs by 2023 in fintech first

Iwoca, one of Europe’s largest business lenders has today announced OpenLending, the new platform that – for the first time – can unify fintechs and banks to extend iwoca’s... Read more »

Robocash Group Wins the Microfinance Company of the Year Award in Russia

Last Friday, an affiliated lending company of the fintech holding Robocash Group - MFC Zaymer - won the title... Read more »

Coronavirus epidemic has not affected portfolios of P2P investors

While financial markets are experiencing instability due to the coronavirus epidemic, it seems that European P2P investors have not been affected by the situation.... Read more »

Leading peer to peer lender celebrates £1bn milestone with 1% cashback offer for investors

Assetz Capital, one of the UK’s most impactful business lenders, has surpassed the £1bn mark for lending to SMEs and housebuilders across the UK, just seven years from being... Read more »

Robo.cash attracts 10,000 investors

In February, the number of registered investors on the European P2P platform Robo.cash reached 10,000.... Read more »

Robo.cash doubles funding volumes in 2019

The fully automated P2P lending platform Robo.cash has summed up the results of its operation in the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel