News

Japan offers best value for Aussie travellers

Japan is the destination offering Australians the best value for money for the second year in a row with a growing number of travellers taking advantage of the favourable exchange rate, according to Expedia.

The 2014 Expedia Foreign Exchange Index showed that, despite a recent weakening of the Australian dollar which has seen it fall to a three and a half year low against the US dollar, its value increased by 2.3% against the Japanese Yen.

The website also revealed that interest in Okinawa and Hokkaido had grown by 50% in 2013 demonstrating rising interest in the destination that was once considered expensive. Japan National Tourism Organisation reinforced the reports of rising interest levels, with 2013 a record year for Australian arrivals as numbers climbed 18.5% on the previous year.

Meanwhile, the Index showed that the Aussie dollar fell against the currencies of 13 of the top 15 destinations for Australian travellers. It declined 15% against the US dollar and 17% against the British pound.

But Expedia Australia and New Zealand managing director Georg Ruebensal stressed that the decline is not deterring Aussies for travelling overseas.

“However, Aussies need to be smart as their purchasing power is impacted,” he said.

“There are still plenty of places both close to home and further afield that provide great value. While it’s great to see Japan is still offering the best value for money, it’s exciting to see other destinations like Indonesia, Brazil and Canada becoming more affordable.”

He advised travellers to keep a “close eye” on exchange rates, search for deals and be flexible with dates.

Check out Expedia's list of the top destinations based on the purchasing power of the Australian dollar against other major currencies in 2013:

Rank

Country

Local currency

AUD percentage gain YOY

1

Japan

Yen

2.3%

2

Indonesia

Rupiah

7.0%

3

Brazil

Real

-2.0%

4

Canada

Dollar

-8.5%

5

Thailand

Baht

-8.6%

6

New Zealand

Dollar

-13.9%

7

Vietnam

Dong

-14.1%

8

Singapore

Dollar

-12.2%

9

United Arab Emirates

Dirham

-15.1%

 

10

USA

Dollar

-15.1%

11

Europe

Euro

-18.6%

12

UK

Pound

-16.7%

13

China

Renminbi

-16.7%

14

Hong Kong

Dollar

-15.1%

15

Malaysia

Ringgit

-28.1%

 

SEE WHAT PEOPLE ARE SAYING

Comments are closed.

Travel Agents

CTM $42.1mil profit from global growth

by Kate Webster

Corporate Travel Management (CTM) today reported a record $42.1mil profit for the financial year ending 2016, the results driven by new client wins in all markets.

Share

CommentComments

Travel Agents

Helloworld ends year on $3.5mil profit

by Kate Webster

Profit before tax was $3.5 million for the year ending June 2016, a significant improvement on the prior year loss of $198.4 million.

Share

CommentComments

Hawaii

Hawaii Tourism on the front foot

by Travel Weekly

Hawaii Tourism Authority’s visiting CEO praises Australian visitors and outlines his vision for keeping the islands front of mind as a holiday destination

Share

CommentComments

Wholesalers

Scenic’s online HUB the place to be

by Kate Webster

Scenic is equipping agents with the tools needed to better sell the product with the launch of an online portal called Scenic HUB.

Share

CommentComments

Aviation

Virgin flying rescue pets to new homes

by Kate Webster

Virgin Australia and Jetpets have announced a partnership which will see them unite rescue pets with their fur-ever homes across Australia.

Share

CommentComments

Aviation

Virgin Australia and Singapore Airlines codeshare to continue

by Kate Webster

Virgin Australia and Singapore Airlines codeshare agreement has received a preliminary tick of approval to extend with the ACCC.

Share

CommentComments

Destinations

Discover Tasmania: 6 reasons you should visit

by Sophia Mest

Don’t leave Tasmania off the map when you decide to travel Australia.

Share

CommentComments

Travel Agents

What happened at helloworld Frontliners Brisbane

These helloworlders sure looked like they had a great time.

Share

CommentComments

News

Travel insurance a must-have inclusion

by Kate Webster

Travel insurance is a highly competitive market, on both the price and features of policies.

Share

CommentComments

Wholesalers

Big Fat Wholesaler Wrap

by Kate Webster

The latest wholesaler news in one big fat wrap right here.

Share

CommentComments

Destinations

Australian tourism welcomes triple growth

by Kate Webster

The Australian tourism industry has welcomed a growth three times faster than the Australian economy over the year to June.

Share

CommentComments

Technology

Fighting travel fraud

Nethone aims to eliminate the burning problem of fraud that costs travel industry hundreds of millions of dollars annually.

Share

CommentComments