Bad news for Aussie travellers

Procrastinating Aussie travellers should pull their fingers out and plan their trips sooner rather than later, as a new report predicts that domestic travel prices are set to rise by almost twice the global average next year.

The 2020 Global Travel Forecast anticipates airfares, hotel rates and ground transport prices in Australia to grow by 4.7 per cent, 4.4 per cent and 0.6 per cent respectively.

And if that wasn’t worry enough, airfares and hotels will nearly double the 2.3 per cent global average.

However, report co-producers CWT Solutions Group Asia Pacific say Australian travel will still be propped up by the “weakened Australian dollar”.

“A lot of international routes are also opening up into Australia, and with more international travellers, there is a compression in the supply of hotel rooms in major cities, as well as secondary cities like Canberra and Brisbane,” said CWT Solutions Group Asia Pacific manager Jaclynn Kidd.

“However, we do see hotels reacting to this demand as more hotels are being built, and this situation is likely to stabilise towards the end of 2020 going into 2022.”

The report also warns of “a raft of uncertainties” that could affect prices.

“The risks and ambiguity have increased over the past few months – not least the threat of escalating trade wars, the impact of Brexit, possible oil supply shocks, and the growing likelihood of recession,” CWT President and CEO Kurt Ekert said.

Have you been putting off an Aussie holiday?

If you enjoy our content, don’t keep it to yourself. Share our free eNews with your friends and encourage them to sign up.

Related articles:
How to find the cheapest flights
10 ways to travel for less
Seven travel money wasters

Written by Leon Della Bosca

Leon Della Bosca has worked in publishing and media in one form or another for around 25 years. He's a voracious reader, word spinner and art, writing, design, painting, drawing, travel and photography enthusiast. You'll often find him roaming through galleries or exploring the streets of his beloved Melbourne and surrounding suburbs, sketchpad or notebook in hand, smiling.
Contact:
LinkedIn
Email

RELATED LINKS

How to find the cheapest flights

Finding cheap flights can be tricky if you don't know where to begin your search.

10 ways to travel for less

Making your travel budget go further is one way to ensure a fun and memorable trip.

Seven travel money wasters

Take advantage of these travellers' experiences and give your wallet a holiday too.



SPONSORED LINKS

LOADING MORE ARTICLE...