Tourism

Here’s where Aussies are wasting the most of their travel dollars

Are you always blowing your holiday budget? We’ve got some travel expenses you can avoid.

New data reveals that Aussies are spending unnecessary amounts of money on easily avoidable travel expenses – potentially putting a dent in their holiday budget before they even get off the ground.  And the more money spent on expenses, the less money for poolside cocktails, right?

The survey, comprised of 1000 travelling Aussies, was commissioned the InsureandGo – and uncovers the most common expenses that Aussie travellers are unnecessarily spending money on.

Respondents were presented with 15 actions that would incur avoidable costs, like exchanging currency at airport kiosks and withdrawing cash from credit cards, and were asked if they had carried out any of those actions while on holidays. Only 11 per cent of respondents said they did not incur any of the avoidable travel costs.

More than a third admitted they exchanged money at major airports – even though airport money exchange kiosks usually charge foreign transaction fees and mark-up their rates. For instance, someone that exchanges AUD$1000 at the airport into USD, Great British Pounds (GBP) or Euros (EUR) could be out-of-pocket by as much as AUD$33, AUD$40 or AUD$23 respectively. Think of the souvenirs you could buy!

One in four respondents said they had never used a dedicated travel card, which offers the advantage of locking in an exchange rate before you travel. With credit card foreign transaction fees having increased to almost three per cent in recent years, surprisingly, the results revealed a similar number of travellers (25 per cent of respondents) had withdrawn cash from their credit card at an ATM when overseas.

By withdrawing AUD$500 from an overseas ATM, travellers can be charged around $15, depending on the financial provider (we were charged $25 in Germany once, and would not recommend).

A failure to be savvy about pre-travel booking costs can also lead to significant out-of-pocket expenses: 24 per cent of respondents admitted to booking holiday flights just two weeks out from travelling – subjecting them to higher costs, as fares are generally higher closer to the departure date.

Other money-wasting habits Aussies make is paying additional fees to car rental companies to reduce their insurance excess (22 per cent of respondents admitted to doing this), rather checking if their travel insurance can cover them.

A further 22 per cent failed to consult comparison websites when booking accommodation to find the best price, and 21 per cent of respondents did not clear their cookies before searching for, and booking accommodation or flights. Pro tip: clearing your browser cookies is a fab way to get a better fare when booking flights and accommodation online.

Find the full list of avoidable travel expenses below – and plan accordingly for your next trip.

Screen Shot 2018-12-12 at 12.02.52 pm

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

You must be logged in to post a comment.

Aviation

British Airways suspends flights to Cairo

Australia’s Department of Foreign Affairs and Trade has updated its travel advice to Egypt in line with this move by the UK airline.

Share

CommentComments

Events

Tourism

NTIA 2019 winners revealed!

Did you attend the NTIAs as a finalist but got so blind that you can’t remember if you won? All is revealed here.

Share

CommentComments

Aviation

Passenger cops $150,000 fine for “one of the most serious cases” of flight disruption

Turns out there are serious consequences for disruptive mid-flight behaviour, especially if it’s so bad that you prompt a military escort like this woman did.

Share

CommentComments

Hotels

Industry heavyweight urges stronger regulations for commercial Airbnb operators

It turns out around 50 per cent of Airbnbs are commercially run, as opposed to travellers renting out their space or uni students listing their cupboards for a quick buck.

Share

CommentComments

Wholesalers

Wholesaler wrap: Chimu Adventures milestone, AAT Kings deals extended + more!

It’s Monday, and Travel Weekly has just the thing to help you sober up from the NTIAs (and no, it’s not a Bloody Mary): a wholesaler wrap!

Share

CommentComments

Aviation

Boeing dedicates more than $70 million to families for 737 MAX near-term relief

by Christian Fleetwood

Boeing expects to recognise an impact to earnings as a result of the 737 MAX grounding when it releases its second-quarter results this week.

Share

CommentComments

Tourism

STUDY: Aussie travellers among the most confused and inconsistent tippers

Ever arrived in a new country and realised you have no idea who you’re supposed to tip for what? Find a few handy pointers for you and your clients right here.

Share

CommentComments

Events

Tourism

Travel DAZE early bird ticket deal ends Friday, with a further 15 per cent off all week!

We’ve taken the early bird ticket deal to the next level with a 15 per cent discount for this week only! You can thank us by sending chocolates and booze.

Share

CommentComments

Aviation

Airline apologises after Tweeting which seats are least likely to survive a crash

It’s something we’ve all thought about while mid-air, but do we really want to know which seats are most likely to survive a plane crash? Well, thanks to this airline, we now have an answer.

Share

CommentComments

Wholesalers

Wendy Wu comments on CEO departure

Much like Elvis, Wendy Wu Tours’ global CEO has officially left the building. Here’s what the lady herself had to say about it.

Share

CommentComments

Tourism

Flavour of the Week: Small Group Touring Co.’s new recruit, Linkd Tourism secures Port of Seattle + MORE!

Flavour of the Week induces two things on a Friday: nostalgia over Craig David and a succession of travel professionals falling asleep at their desks.

Share

CommentComments

Hotels

Airbnb’s giant ‘Wienermobile’ is sure to satisfy your hot-dog-loving clients

by Christian Fleetwood

In what is a quintessential Friday story, Travel Weekly has delivered this ‘franktastic’ and ‘blunderful’ news for all your hot-dog-loving clients.

Share

CommentComments