Agency: Czechs to spend more than 1 bn crowns towards pre-paid vacations as Christmas gifts

A study by the Mag Consulting agency has estimated that Czechs will spend around 1.5 billion crowns (the equivalent of roughly 83 million US dollars) towards pre-paid vacations this year as Christmas gifts. That would mean a 25 percent increase from 2006. At least one travel agency has cited a 100 percent increase in interest in so-called Christmas cheques towards vacations, valued in the thousands of crowns, as well as increased interest in full vacation packages, worth tens of thousands.