A NEW report by the Caravan Industry Association of Australia (CIAA) identifies tightening expenditure in the wake of rising living costs and underscores the enduring appeal of the caravan and camping sector in the face of adversity.
Key takeaways from the report include:
Younger Australians, while optimistic about their financial prospects, prioritise immediate cost-of-living concerns, notably fuel prices, when making travel decisions.
Interest rates now play a pronounced role in travel planning, reflecting heightened financial awareness.
The impact of COVID-19 on travel choices is waning, as economic factors take precedence.
CIAA’s Stuart Lamont said that amid the challenges remained the enduring appeal of caravan and camping holidays.
The report reveals that Aussies are opting for budget-friendly holiday alternatives, with 29 per cent of respondents planning to increase their holidays this year, a manifestation of the desire to indulge despite economic constraints.
Given cost pressures, the significance of domestic tourism, particularly in the caravan and camping sector, is accentuated, Mr Lamont said.