NEWS Corp Australia has resumed the production of its weekly consumer travel spending report, after a brief hiatus which has unfortunately not seen any significant improvement.
A small uplift from the -81 figure reported two weeks ago (TD 07 Jul) still sees year-on-year spending at an index level of -77, based on consumer credit card transactions with major brands across accommodation, air, cruise, OTAs, travel agents and tour operators.
News Corp MD Food & Travel Fiona Nilsson said despite the low levels of spending, overall the market was showing the strongest result in four months.
“Results are strong for accommodation but patchy for other sectors,” she said.
“As travel restrictions are imposed, revoked and then re-imposed, travellers will be open to products and offers that are perceived to be risk-free,” she suggested.
Additional weekly data in four sub-categories is available, with CEOs and CMOs welcome to reach out to News Corp Australia if that is of interest.
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Source: traveldaily