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Increase in seniors’ and pensioners’ unused travel credits

New knowledge reveals round 1 in 5 (21%) Aussies over 50 have amassed journey credit from cancellations over the previous two and half years – so why aren’t they getting used?

In response to analysis by Australian Seniors, in partnership with shopper analysis group CoreData, almost three-quarters (74%) of over 50s are already planning their subsequent large holidays – however their outlook on journey has modified.

The Journey Tendencies Report 2022 surveyed over 1,000 Australians over 50 and located that elements such because the pandemic, ongoing worldwide conflicts, results of local weather change, and widespread uncertainty have altered journey patterns and preferences.

The rising value of dwelling has additionally impacted seniors’ return to home and worldwide journey, with the overwhelming majority (80%) feeling journey is changing into harder to afford nowadays.

With a view to fund their subsequent vacation, a big portion admitted to emptying out their financial savings (86%), spending the child’s inheritance (14%), drawing down on tremendous (10%) or taking up bank cards or private loans (9%).

Whereas Australians might be utilizing their amassed journey credit to assist curb the price of travelling throughout this time, the report discovered that almost 4 in 10 Australians say they’re troublesome or complicated to make use of. 

With the price of dwelling pressures persevering with to rise, most seniors (90%) additionally don’t’ really feel comfy to journey overseas with out journey insurance coverage.

The info suggests that almost all (74%) of Australian seniors are cautious of visiting Jap Europe as a consequence of threats of the struggle in Ukraine, in addition to to Turkey and the Center East as a consequence of ongoing battle and terrorism (64%).

Practically two-thirds (63%) have comparable considerations about travelling to Hong Kong, China, and South Korea as a consequence of ongoing COVID-19 well being orders and lockdown measures in these areas. 

Many seniors (66%) have waited three years or extra since their final large vacation, with almost a 3rd (29%) planning a European getaway in 2022 – topping the record as the most well-liked vacation spot.

As greater than half (54%) stay aware of COVID-19 associated dangers, travelling interstate to Australian locations follows intently in second (23%), with greater than a 3rd (36%) extra prone to contemplate travelling round Australia now than two years in the past. 

Affiliate Professor in Tourism on the College of Queensland Gabby Walters stated that is nice information for the Australian tourism sector.

“Regional and coastal tourism places that may proceed to count on regular visitation from the seniors market, as touring domestically presents considerably much less threat and extra certainty round journey planning for seniors,” Ms Walters stated.

“Touring to abroad locations on the present time requires much more planning and preparation in comparison with pre COVID occasions.

“There may be additionally uncertainty in relation to international COVID associated insurance policies and journey restrictions, entry to medical remedy if required and lots of international international locations are nonetheless very a lot in restoration mode.”


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