International Holidays 33 Percent More Expensive Than Pre-COVID
But higher costs are not dampening Australians’ desire to travel abroad
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Travelling overseas is significantly more expensive than before the pandemic, and the cost has risen at a much faster rate than domestic travel. New Finder research shows domestic holidays are 19 percent more expensive than pre-COVID, while international holidays now cost 33 percent more.
Australians are spending an average of $6,765 on international trips, according to Finder. Accommodation is the most expensive component at $2,343 on average, closely followed by flights at $2,153. Finder’s travel expert, Angus Kidman said higher demand had pushed prices up. “International travel has become more costly as pent-up demand and the peak European summer season coincide.” Other factors that have made international travel more expensive in 2023 include higher jet fuel prices, staff shortages at airlines and airports, worldwide inflation and airlines being slow to return all their planes to the sky following their fleets’ grounding during COVID-19.
But higher costs have not deterred people from heading abroad. Australians are making up for lost time, with ‘COVID revenge travel’ prompting many to head overseas this year. According to the Australian Bureau of Statistics, leisure dominated overseas travel intentions in FY23, with 53 percent of travellers going overseas for a holiday, 32 percent travelling to visit friends and family and only 6 percent heading overseas on business.
Government forecasts show Aussies will keep travelling overseas in 2024 despite the significantly higher costs, and demand is expected to reach pre-pandemic levels by the end of the new year. However, there are signs that the cost-of-living crisis is starting to bite, and 2024 may the last big year of revenge travel before Australians tighten their belts. According to the Tourism Forecasts for Australia 2023 to 2028 report: “In 2023, 9.8 million resident returns are expected, which would be 86 percent of the pre-pandemic level. This increases to 11.3 million resident returns in 2024, which is nearing parity with the number of resident returns in 2019. Looking forward, cost-of-living and budget pressures in Australia are expected to weigh on outbound travel growth. Compared to last year’s forecasts, the profile for outbound growth is very similar. However, high global travel costs and reduced household savings in Australia have had a mild dampening effect.”
Finder says 54 percent of Australians intend to travel in the new year, with 15 percent heading overseas, 14 per cent intending to travel both overseas and domestically, and 25 percent planning to holiday only in Australia. Online travel agent KAYAK says searches for 2024 flights are up dramatically. “As Aussies, travel is in our DNA and despite macroeconomic uncertainties it looks like many Aussies are still struck by the travel bug, with searches for flights to both international and domestic destinations up 47 percent for travel over the next 12 months compared to last year,” said brand director Nicola Carmichael.
Top 10 overseas destinations for Australians in 2023
- Indonesia
- United States
- United Kingdom
- Italy
- Thailand
- France
- New Zealand
- Japan
- Singapore
- Vietnam
Source: Finder Travel Inflation Report
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The partnership gives Citizen Kanebridge members priority access to elite rallies, track days and Formula 1 hospitality, beginning with the Australian Grand Prix.
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Citizen Kanebridge Car Club has announced a major new partnership with Bullrush Rally, Australia’s leading automotive lifestyle community, unlocking a powerful series of exclusive driving and motorsport experiences for its private members.
The collaboration will give Citizen Kanebridge members privileged access to Bullrush Rally’s coveted calendar, including supercar rallies, private track days, curated drive events and premium Formula 1 hospitality.
It marks a significant expansion of the club’s automotive offering and reinforces its position as a private members’ platform built around access, connection and exceptional experiences.
“This partnership with Bullrush Rally represents exactly the type of exclusive opportunities Citizen Kanebridge was created to deliver,” Marwan Rahme, CEO of Kanebridge Media, said.
“Bullrush has built an extraordinary community around automotive passion and lifestyle, and we’re incredibly excited to give our members access to these experiences.
“It’s about creating unforgettable moments and bringing like-minded people together through shared passions.”
The first experience available through the partnership will see Citizen Kanebridge Car Club members offered access to the Bullrush Rally Suite at the Formula 1 Qatar Airways Australian Grand Prix in Melbourne on Sunday, March 8.
Positioned on Walker Straight with a private trackside balcony, the Bullrush Rally Suite offers prime views of the main straight alongside gourmet dining, premium beverages, live entertainment and exclusive hospitality.
Guests will also have the opportunity to meet Günther Steiner, the former Haas Formula One Team Principal and one of the sport’s most recognisable figures, following his starring role in Netflix’s global hit series Drive to Survive.
Known for his candid leadership style and pivotal role in establishing the Haas team in Formula 1, Steiner has become one of the most influential and charismatic personalities in modern motorsport.
Founded in 2014, Bullrush Rally has grown into one of Australia’s most respected automotive communities, bringing together successful entrepreneurs, executives and enthusiasts through curated rallies, track days and high-end lifestyle events.
Beyond its luxury experiences, the organisation has raised more than $250,000 for charities supporting sick children, mental health initiatives and medical research across Australia.
Through the new partnership, Citizen Kanebridge Car Club members will gain priority access to Bullrush’s flagship events, including multi-day rallies, Formula 1 hospitality suites, exclusive track days and private member-only gatherings.
The collaboration represents a significant evolution of Citizen Kanebridge’s automotive offering, positioning the club at the centre of Australia’s most exclusive driving and motorsport experiences, while continuing to deliver the access and opportunities that define the private members’ platform.
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