With the Paris Olympics upon us, older Aussies are still determined to get their European summer holiday in the next 12 months despite cost-of-living pressures.
Create a free account to read this article
$0/
(min cost $0)
or signup to continue reading
Data from travel insurer PassportCard showed 25 per cent of people aged 54-plus were likely to say the cost of living has not changed their travel behaviour.
But 37 per cent were delaying their travel plans until they could afford the full package. Just 20 per cent were cutting back on non-essentials such as not buying new clothes, and limiting eating out.
Read more on The Senior
Such travellers were also not skipping out on travel insurance, with just seven per cent running the gauntlet and hoping for the best.
Among all 1800-plus survey respondents, London (36 per cent), Paris (34 per cent) and Rome (30 per cent) were the most popular European destinations, followed by the Swiss Alps (27 per cent), Amsterdam (27 per cent) and Athens (24 per cent).
PassportCard CEO Peter Klemt said the average length of a European holiday is 35 days and the average cost had gone up by eight per cent to $10,861.
To make that trip happen, about a third of people are looking to book cheaper accommodation, planning a different style of trip that suits their budget, are cutting back on non-essentials like dining out, or are travelling off-peak.
Younger travellers (aged 18-24) were most likely to skip travel insurance altogether.
Funnily enough, the highest income households ($200,000+) were more likely to change their travel plans as a result of cost-of-living pressures. For example, they would search for deals more than lower-income households (52 per cent compared with 35), book cheaper accommodation 37 per cent versus 29), plan shorter trips and travel off-peak (40 per cent versus 30), and finally, plan domestic trips only (27 per cent versus 22).
