While it may feel like everyone you know is enjoying a Euro summer, new data shows the majority of us are having to put our travel plans on hold.
The cost of living crisis is forcing many Australians to cancel or postpone their holiday plans.More than two in five delayed their holiday to save money.rising cost of livingAlmost two in three Australians with holiday intentions over the next 12 months have had to cancel or postpone their trips, NAB's latest consumer sentiment survey of about 2,000 local respondents shows.Nearly two-thirds believe travel and holidays have become more expensive.
"Australians are closer to their money than they've been in a long time and they're prioritising their spending based on what they value most," she said. Airlines have been slow to resume normal services since the COVID-19 pandemic brought international flights to a virtual standstill. Return flights from Australia to overseas destinations are more than 50 per cent above pre-pandemic levels, according to data released at the end of May by online travel company Kayak.The average return economy international flight between July and December is now $1,827, compared to $1,213 in 2019.
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