Australian travel industry 'is alive and well'
The number of Aussies taking a holiday in a foreign country grew by nine per cent in 2011 when compared with 2010. Times may be hard for many people, but the demand for overseas travel has surged in the past year, according to new figures published by Tourism Research Australia. Aussies spent 132 million nights in a different country between July 2010 and the same month in 2011 and bosses at tour operator Jetabroad believe the high value of the Australian dollar has been a dominant factor in the increasing clamour for trips abroad. Indeed, people from down under have been getting the best exchange rates for years when visiting certain parts of the world. The study indicated that New Zealand remains the most popular holiday hotspot among Aussies, while the US, Canada, Indonesia, the UK and Thailand were also highly sought after destinations. Managing director at Jetabroad Darin Walters said it is obvious that Aussies want to explore the world as much as possible and many have been taking advantage of budget flights – particularly to Asian countries. Have a question about travel money? Ask the money gurus at Mozo Answers.