This is nonetheless a rise on previous years, reportedly thanks to a rise in consumer confidence. The study, carried out by finance research consultants Observador Cetelem, found that the Portuguese are more optimistic, and this is being reflected in their holiday spending budgets. While those who are going on holiday this year say they will allow themselves to spend almost double what they did last year, on the other hand, a quarter of families said they won’t be going on holiday because they can’t afford it.