Assumption of Mary, also known as Assumption Day or Dormition of the Theotokos, is a major Christian holiday celebrating the assumption of Virgin Mary’s body and soul to Heaven. Assumption Day is public holiday in many European countries such as Austria, Belgium, Croatia, France, Greece, Italy, Poland, Portugal, Slovenia, Spain and Switzerland. Germany is an outlier as the holiday is only celebrated in Saarland and some parts of Bavaria, so we expect the effect will be muted in Germany.The holiday always falls on the 15th of August, no matter what day of the week that happens to be. When the holiday falls on a weekend no time off in lieu is granted. During the holiday, most businesses are closed, so naturally we are expecting the demand to be lower on that day.
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