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The Responsible Travellers: Aussies least likely to go into debt to fund their holidays

June 20, 2013 Financial No Comments Email Email

STA Travel today announced that Australian travellers are amongst the most fiscally responsible in the world and least likely to fund their holidays through debt.

According to research undertaken by STA Travel  on over 10,000 holiday bookings, travellers in the US and UK are almost twice as willing to go into debt to book overseas trips compared with Australians. The data shows that in Australia only 55% of STA Travel trips are booked on credit card, compared with 97% in the US and 95% booked on credit in the UK.250x250TICBanner

The research data was also supported by an exclusive survey of more than 500 Australian travellers which showed that 66% of people would ‘raid the piggy bank and pay cash’, compared with only 21% of travellers who would go into debt to fund their travels.

“Australians are often been perceived as laid back travellers. But what this research actually shows is that while Aussies are happy to take things in their stride while on the road, they are in fact very responsible and fiscally minded when it comes to planning their travel,” said David Green, Managing Director STA Travel Australia.

In recognition of Australian’s preference to travel responsibly and not use credit cards to fund their global adventures, STA Travel is launching a new ‘Lay-By’ program which will allow Australian travellers to lock their holidays in at cheaper booking prices and pay them off over time without having to use credit cards or complicated interest free structures

“When we looked at the booking patterns of travellers around the world, it became clear that the majority of those booking their holidays via credit cards were actually doing so to lock in cheaper trip prices,” said David Green, Managing Director STA Travel Australia.

“The cost of flights and accommodation can vary throughout the year and travellers make a judgement call on when is the best time to book their holiday and secure the best price. Given that a large proportion of Australians actually have a preference not to use credit cards to book their holidays and secure their price, we have developed the ‘Lay-By’ initiative for them, where they can book their holidays at cheaper times of the year and pay this off over time without incurring any interest charges,” Mr Green said.

Travellers looking to take advantage of STA Travel’s Lay-By program will open themselves up to substantial cost savings of potentially over $1,000 per flight. For example, a return Qantas economy flight booked to departure on 10 December and a return 15 January would cost a student $2,199 (inclusive of taxes) if they booked today under the Lay-By program, whereas the exact same flights booked on October 1 would cost $3,245.

For more details about STA Travel’s Lay-By initiative please visit: http://www.statravel.com.au/lay-by.htm

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