Cost of living is on the rise and new research from Skyscanner reveals 51% of Aussie travellers are prepared to sacrifice getting a coffee out at a café to save money for their holiday abroad.
Along with forgoing a daily cup of Joe, 65% of Australians are also adopting a ‘loud budgeting’ approach to travel and making a conscious effort to cut back with NAB research revealing:
•Half of Australians say they’ve cut back spending on things like eating out at restaurants (57%), treats like coffees and snacks (52%), entertainment (49%), car journeys to save on petrol (46%), holidays (45%) and food delivery services (43%).
•Those who are cutting back are saving on average $320 a month (or more than $3800 a year) and GenZ is saving even more more – around $370 per month.
A simple ‘Everywhere’ search on Skyscanner for travel reveals the many places you could go for the price of a couple of coffees. So what do sacrifices for holiday gains look like?
Here are some ideas based on $370 per month savings:
Two months of savings sacrifices – From Melbourne to Singapore for $415, Melbourne to Malaysia for $415, Sydney to the Philippines for $557, Sydney to South Korea from $679 and Brisbane to Vietnam from $477.
Four months of savings sacrifices – From Melbourne to Austria from $1447, Melbourne to Greece from $1423, Sydney to Canada from $1404, Sydney to Jordan from $1486 and Brisbane to Italy from $1198.
Skyscanner travel expert, Jarrod Kris comments:
"Our research shows that half of Aussie travellers stick to a set budget when it comes to booking their Summer flights with 41% willing to sacrifice takeaway coffees to help achieve their holiday goals.
"It’s clear that Aussies are embracing their loud budgeting era and at Skyscanner we’re here to support that, so travellers have more to spend on those important memorable holiday moments.”
For more tips and hacks on how to save for Summer, visit Skyscanner’s ‘Where Should I Go’ hub.
