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The Expedia® Value Tracker reveals top international destinations for Australian travellers

August 12, 2015 OTA News No Comments Email Email

As the Australian dollar struggles against some of the world’s major currencies, and holidays on home-soil grow in appeal for many, the Expedia Value Tracker, out today, reveals the overseas destinations offering the best value for money for travellers.

Expanding on its long-standing Foreign Exchange Index, which measures the performance of the Australian dollar against major global currencies, Expedia.com.au’s new report examines foreign exchange movements, in addition to the average cost of international flights and accommodation in key destinations for Aussie travellers, to provide holiday-makers with a holistic view of where they can find the best value.

Of Aussie travellers’ international favourites**, New Zealand is the only destination where the Australian dollar currently goes further than it did a year ago, up 4% year-on-year. Average accommodation costs in NZ have risen 9% to $180 per night whereas average ticket prices between NZ and Australia have decreased 5% to $463. And, it appears travellers are being enticed to explore our neighbour’s spectacular scenery with overall demand on Expedia.com.au up, with destinations including Taupo, Fiordland and Napier experiencing double-digit growth.

Managing Director of Expedia Australia and New Zealand, Georg Ruebensal, believes Aussies are smart travellers who chase value for money: “Whilst the dollar may not be as strong as it has been in the past, Aussies are still in an excellent position to get out there and tick off destinations on their bucket list. We are seeing notable increases in demand for international destinations, like New Zealand, as Aussies seek to make the most of their hard-earned dollars.”

The big Canadian or American dream?

For those looking for a great American escape, the Expedia Value Tracker suggests travellers might find better value across the border in Canada this year, where the Australian dollar has only fallen 6% against the Canadian dollar and flights to the region have decreased by 6% year-on-year.

By comparison, the Australian dollar has fallen by 21% against the US dollar in the last 12 months and average accommodation costs in Australian dollars have risen.

However, Expedia data shows the increasing cost, due to the exchange rate, is not necessarily deterring holidaymakers from the US with demand still up year-on-year. One contributing factor is that average flight costs to the US have decreased more than 10% year-on-year. Additionally, some further downward pressure on airfares is expected since Qantas and American Airlines recently announced additional flights, providing a silver lining for travellers^^.

Georg Ruebensal comments on Australians’ love affair with the US: “Whilst it is definitely not as cheap to go to the US as it has been in recent years, we are still seeing positive demand year-on-year for the US. For instance, interest in Hawaii is up more than 25% year-on-year. People might choose to stay in a 3-star over a 4-star or stay a few days less but they are still taking that US holiday.”

Europe’s pick of the bunch:

For travellers planning a trip to Europe, movements in currencies mean some destinations are more affordable than others. The Australian dollar has fallen 12% against the British pound but only 3% against the Euro and has gained ground against the Russian ruble (31%) and the Norwegian krone (3%).

Average accommodation costs in the UK are up 9% to $253 per night whereas movements in average daily rates in France and Italy are more modest, down 4% to $242 and up 1% to $240 respectively. The average costs of flights are down across the board to Norway (-18%), the UK (13%), Italy (-10%), France (-10%) and Russia (-8%).

Georg Ruebensal’s top tips for travellers planning an international holiday: “Most people look for ways to save money so they can get the most out of their holiday, and keeping an eye on currencies is smart. My other insider tips for travellers are to use a tool like Scratchpad on Expedia.com.au, which allows travellers to monitor price movements on hotels and flights; look out for mobile-exclusive deals – apps are so easy; and also to bundle the flight and hotel together when booking – Aussies have the potential to save hundreds of dollars by doing these simple things.”

HOW AUSSIE FAVOURITES RANK:

COUNTRY CURRENCY AUD %

GAIN YOY*

AVERAGE DAILY HOTEL RATE^ AUD AVERAGE FLIGHT PRICE** AUD
New Zealand Dollar 4% $180 (9%) $463 (-5%)
Italy Euro -3% $240 (1%) $1,796 (-10%)
France Euro -3% $242 (-4%) $1,773 (-10%)
Fiji Dollar -8% $257 (4%) $778 (2%)
Indonesia Rupiah -9% $134 (3%) $532 (4%)
UK Pound -12% $253 (9%) $1,804 (-13%)
Singapore Dollar -14% $251 (0%) $756 (6%)
Thailand Baht -16% $125 (5%) $922 (13%)
China RMB -21% $180 (22%) $1,109 (1%)
USA Dollar -21% $285 (15%) $1,520 (-11%)

DESTINATIONS WHERE AUSSIE DOLLAR HAS GAINED GROUND:

 

COUNTRY CURRENCY AUD %

GAIN YOY*

AVERAGE DAILY HOTEL RATE^ AUD AVERAGE FLIGHT PRICE** AUD
Russia Ruble 31% $170 (-24%) $1,740 (-8%)
Colombia Peso 14% $139 (-4%) $2,705 (17%)
Brazil Real 13% $200 (-7%) $2,094 (-15%)
New Zealand Dollar 4% $180 (9%) $463 (-5%)
Norway Krone 3% $216 (-1%) $1,766 (-18%)

 

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