Planning to forgo that pricey skiing holiday at Thredbo or Falls Creek this winter or a $500 a night trip to Uluru? You may not be alone.
Inflationary pressures are already biting into the domestic holiday aspirations of Australians this winter with a sharp uptick in stay at home vacation plans, according to an extensive survey conducted by analysts at investment bank JP Morgan.
The number of survey respondents reporting their next holiday would be a “stay at home one” jumped from 16 per cent in November to 21 per cent in June. Increased cost of living expenses saw 65 per cent of respondents to the survey indicate that they could spend less on travel and holidays during the next 12 months if inflation trends persist.
“This trend could gather momentum,” wrote JP Morgan analyst Jason Steed.
This will be in 'The Australian' tomorrow:
Will QAN survive?, page-4051
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