TRAVEL spend by Australians is finally back to pre-pandemic levels, with Apr recording a 10% higher volume than the same month in 2019, new figures from CommBank iQ have revealed.
The snapshot, compiled via a partnership between Commonwealth Bank and Quantium, showed more than half of Aussies have already spent savings on travel this year, with money forked out on airline tickets, tourist attractions, and hotels all rising in recent months.
Travel agent bookings are also on the rise according to the report, however, along with car hires, is one of the categories yet to return to 2019 levels.
Head of Customer Solutions at CommBank iQ, Wade Tubman, told the SMH that pent-up demand for air travel had seen a spike in large family holidays booked for overseas destinations.
“This is not necessarily people flying Business class but families booking multiple tickets as they head overseas and this is reflected in ticket purchases in the $2,000 to $5,000 being up 20%,” Tubman said.
The figures also showed that despite a growth in overseas travel, domestic volumes were holding steady, with numbers even rising for NSW and Victorian travellers to interstate markets.
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Source: traveldaily