CONSUMERS continue to gradually open their wallets for spending on travel, with the latest News Corp Australia figures (pictured) once again showing an improvement from the depths of a few weeks ago.
The index is up five points on last week’s figures, with News Corp’s MD Food & Travel Fiona Nilsson saying the results include the “first significant growth in cruise spend for more than three months”.
She said News Corp had also observed a strong correlation between growth in travel spend and the number of travel advertisements in the market, with both displaying increases from early May.
“Accommodation, cruise, airlines and travel agents, in that order, all showed strong growth,” Nilsson said.
The data is an index of consumer spend with major brands across accommodation, air, cruise, OTAs, agents and tour companies.
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Source: traveldaily