Millennials Seek Budget Travel Options

Artistic representation for Millennials Seek Budget Travel Options

Television producer Sarah Ben-m’rad loves travelling overseas but the rising cost-of-living meant she sought out a holiday destination a little closer to home this year.

She and her boyfriend opted for a getaway to Port Stevens, north of Newcastle, outside the school holiday peak, spending days relaxing by a pool and visiting her father.

  1. β€œWe were just trying to find somewhere that was a lot more affordable to travel rather than looking overseas,” she said.
  2. β€œWe’re just doing smaller, cheaper trips rather than something that’s sort of bigger and more expensive.”

Ms Ben-m’rad is among the 83 per cent of Australians aged 25-44 who booked an autumn escape, according to a Tourism and Transport Forum survey.

The survey found that millennials are travelling more than anyone else, from mid-March to mid-May.

Destination % of International Travellers
New Zealand 14%
Europe 13%
Japan 12%

Experts point to pent-up demand for a getaway after the pandemic along with travel operators changing their offers so budget-conscious customers can make their money go further.

β€œ β€œIt’s not negotiable, this whole issue of being able to take time off and escape has become embedded in the culture,” Tourism and Transport Forum chief executive Margy Osmond told AAP. β€œWe saw very early on an attitude about revenge travel, I think that led to a change in traveller behaviours, she said. β€œβ€¦The survey found 40 per cent of Australians have put aside less than $2000 for their autumn trip and holidays within people’s own state or territory are still the most popular. β€œβ€¦What it’s doing is potentially meaning (people) might go for less time, they might spend a little bit less,” Ms Osmond explained.

Despite that, millennials are still the most likely group to go overseas with 18 per cent booking a foreign trip.

Almost one in six Australians are heading overseas, close to double the number who jetted off this time last year.

  1. β€œPeople are finally used to the idea of international travel after the height of the COVID-19 pandemic along with airfares coming down, according to Helloworld Travel chief operating officer Cinzia Burnes.
  2. β€œβ€¦People that were going domestic are now going overseas,” Ms Burnes said.

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