The Expedia® Value Tracker reveals top international destinations for Australian travellers

On August 10, 2015 at 08:46 PM
Media ReleaseMedia Release
The Expedia® Value Tracker reveals top international destinations for Australian travellers
  • Of Aussie favourites, New Zealand leads the way in value for money
  • Long-standing favourites, including US, now more expensive though more affordable airfares expected to entice travellers
As the Australian dollar struggles against some of the world’s major currencies, and holidays on home-soil grow in appeal for many, the Expedia Value Tracker, out today, reveals the overseas destinations offering the best value for money for travellers.
 
Expanding on its long-standing Foreign Exchange Index, which measures the performance of the Australian dollar against major global currencies, Expedia.com.au’s new report examines foreign exchange movements, in addition to the average cost of international flights and accommodation in key destinations for Aussie travellers, to provide holiday-makers with a holistic view of where they can find the best value.
 
Of Aussie travellers’ international favourites**, New Zealand is the only destination where the Australian dollar currently goes further than it did a year ago, up 4% year-on-year. Average accommodation costs in NZ have risen 9% to $180 per night whereas average ticket prices between NZ and Australia have decreased 5% to $463. And, it appears travellers are being enticed to explore our neighbour’s spectacular scenery with overall demand on Expedia.com.au up, with destinations including Taupo, Fiordland and Napier experiencing double-digit growth.
 
Managing Director of Expedia Australia and New Zealand, Georg Ruebensal, believes Aussies are smart travellers who chase value for money: “Whilst the dollar may not be as strong as it has been in the past, Aussies are still in an excellent position to get out there and tick off destinations on their bucket list. We are seeing notable increases in demand for international destinations, like New Zealand, as Aussies seek to make the most of their hard-earned dollars.”
 
The big Canadian or American dream?
For those looking for a great American escape, the Expedia Value Tracker suggests travellers might find better value across the border in Canada this year, where the Australian dollar has only fallen 6% against the Canadian dollar and flights to the region have decreased by 6% year-on-year.
By comparison, the Australian dollar has fallen by 21% against the US dollar in the last 12 months and average accommodation costs in Australian dollars have risen.
 
However, Expedia data shows the increasing cost, due to the exchange rate, is not necessarily deterring holidaymakers from the US with demand still up year-on-year. One contributing factor is that average flight costs to the US have decreased more than 10% year-on-year. Additionally, some further downward pressure on airfares is expected since Qantas and American Airlines recently announced additional flights, providing a silver lining for travellers^^.
 
Georg Ruebensal comments on Australians’ love affair with the US: “Whilst it is definitely not as cheap to go to the US as it has been in recent years, we are still seeing positive demand year-on-year for the US. For instance, interest in Hawaii is up more than 25% year-on-year. People might choose to stay in a 3-star over a 4-star or stay a few days less but they are still taking that US holiday.”
 
Europe’s pick of the bunch:
For travellers planning a trip to Europe, movements in currencies mean some destinations are more affordable than others. The Australian dollar has fallen 12% against the British pound but only 3% against the Euro and has gained ground against the Russian ruble (31%) and the Norwegian krone (3%).
Average accommodation costs in the UK are up 9% to $253 per night whereas movements in average daily rates in France and Italy are more modest, down 4% to $242 and up 1% to $240 respectively. The average costs of flights are down across the board to Norway (-18%), the UK (13%), Italy (-10%), France (-10%) and Russia (-8%).
 
Georg Ruebensal’s top tips for travellers planning an international holiday: “Most people look for ways to save money so they can get the most out of their holiday, and keeping an eye on currencies is smart. My other insider tips for travellers are to use a tool like Scratchpad on Expedia.com.au, which allows travellers to monitor price movements on hotels and flights; look out for mobile-exclusive deals – apps are so easy; and also to bundle the flight and hotel together when booking – Aussies have the potential to save hundreds of dollars by doing these simple things.”

 

HOW AUSSIE FAVOURITES RANK:

 

COUNTRY

CURRENCY

AUD %

GAIN YOY*

AVERAGE DAILY HOTEL RATE^ AUD

AVERAGE FLIGHT PRICE** AUD

New Zealand

Dollar

4%

$180 (9%)

$463 (-5%)

Italy

Euro

-3%

$240 (1%)

$1,796 (-10%)

France

Euro

-3%

$242 (-4%)

$1,773 (-10%)

Fiji

Dollar

-8%

$257 (4%)

$778 (2%)

Indonesia

Rupiah

-9%

$134 (3%)

$532 (4%)

UK

Pound

-12%

$253 (9%)

$1,804 (-13%)

Singapore

Dollar

-14%

$251 (0%)

$756 (6%)

Thailand

Baht

-16%

$125 (5%)

$922 (13%)

China

RMB

-21%

$180 (22%)

$1,109 (1%)

USA

Dollar

-21%

$285 (15%)

$1,520 (-11%)

 

 

DESTINATIONS WHERE AUSSIE DOLLAR HAS GAINED GROUND:

 

COUNTRY

CURRENCY

AUD %

GAIN YOY*

AVERAGE DAILY HOTEL RATE^ AUD

AVERAGE FLIGHT PRICE** AUD

Russia

Ruble

31%

$170 (-24%)

$1,740 (-8%)

Colombia

Peso

14%

$139 (-4%)

$2,705 (17%)

Brazil

Real

13%

$200 (-7%)

$2,094 (-15%)

New Zealand

Dollar

4%

$180 (9%)

$463 (-5%)

Norway

Krone

3%

$216 (-1%)

$1,766 (-18%)

 
For further information, interviews or images please contact:
Micky Ortner, Haystac
(02) 8094 7762 or 0413 858 733
micky.ortner@haystac.com.au
 
Kirsty Burgess, Haystac
(02) 8094 7507 or 0478 010 533
kirsty.burgess@haystac.com.au
 
Notes to Editor:
About the Expedia Value Tracker:
  • The Tracker measures the performance of the Australian dollar against major global currencies, including foreign exchange rates and inflation. Expedia assessed a range of foreign currencies against the Australian dollar over a 12 month period (14 July, 2014 to 14 July, 2015). The percentage rate of change between those foreign currencies was calculated against the Australian dollar. The annual rate of inflation in those countries was then calculated over the same period and then subtracted from the percentage change in the exchange rates. These calculations produced a ranking of countries whose currencies give travellers greater value against the Australian dollar.
  • ^Average Daily Rates in Australian dollars for accommodation determined by comparing Expedia.com.au data YOY ending 30 June 2015.
  • ^^ SMH.com.au . Sourced 5th August 2015 - http://www.smh.com.au/business/aviation/qantas-and-american-airlines-to-...
  • *Average flight prices in Australian dollars determined, using Expedia data, by calculating average YOY costs of country of departure and origin in economy class as at 30 June 2015.
  • **Top international destinations sourced via ABS data
About the Expedia group
The Expedia group (NASDAQ: EXPE) is one of the world’s leading travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:
  • Expedia.com®, a leading full service online travel agency with localized sites in 31 countries
  • Hotels.com®, the hotel specialist with localized sites in more than 60 countries
  • Hotwire®, a leading discount travel site that offers Hot Rate® Hotels, Hot Rate® Cars and Hot Rate® Airfares, as well as vacation packages
  • Travelocity®, a pioneer in online travel and a leading online travel agency in the US and Canada
  • Egencia®, a leading corporate travel management company
  • Venere.com™, the online hotel reservation specialist in Europe
  • trivago®, a leading online hotel metasearch company with sites in 52 countries
  • Wotif Group, a leading portfolio of travel brands operating in the Australia/New Zealand region, including Wotif.com®, lastminute.com.au®, lastminute.co.nz® and travel.com.au®
  • Expedia Local Expert®, a provider of online and in-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide
  • Classic Vacations®, a top luxury travel specialist
  • Expedia® CruiseShipCenters®, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 190 retail franchise locations across North America
  • CarRentals.com™, the premier car rental booking company on the web
The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. Expedia also powers bookings for thousands of affiliates, including some of the world’s leading airlines, top consumer brands and high traffic websites through Expedia Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.
 
Trademarks and logos are the property of their respective owners. © 2015 Expedia, Inc. All rights reserved. CST: 2029030-50
The Expedia® Value Tracker reveals top international destinations for
Australian travellers
 Of Aussie favourites, New Zealand leads the way in value for money
 Long-standing favourites, including US, now more expensive though more affordable airfares expected to entice travellers
As the Australian dollar struggles against some of the world’s major currencies, and holidays on home-soil grow in appeal for many, the Expedia Value Tracker, out today, reveals the overseas destinations offering the best value for money for travellers.
Expanding on its long-standing Foreign Exchange Index, which measures the performance of the Australian dollar against major global currencies, Expedia.com.au’s new report examines foreign exchange movements, in addition to the average cost of international flights and accommodation in key destinations for Aussie travellers, to provide holiday-makers with a holistic view of where they can find the best value.
Of Aussie travellers’ international favourites**, New Zealand is the only destination where the Australian dollar currently goes further than it did a year ago, up 4% year-on-year. Average accommodation costs in NZ have risen 9% to $180 per night whereas average ticket prices between NZ and Australia have decreased 5% to $463. And, it appears travellers are being enticed to explore our neighbour’s spectacular scenery with overall demand on Expedia.com.au up, with destinations including Taupo, Fiordland and Napier experiencing double-digit growth.
Managing Director of Expedia Australia and New Zealand, Georg Ruebensal, believes Aussies are smart travellers who chase value for money: “Whilst the dollar may not be as strong as it has been in the past, Aussies are still in an excellent position to get out there and tick off destinations on their bucket list. We are seeing notable increases in demand for international destinations, like New Zealand, as Aussies seek to make the most of their hard-earned dollars.”
The big Canadian or American dream?
For those looking for a great American escape, the Expedia Value Tracker suggests travellers might find better value across the border in Canada this year, where the Australian dollar has
only fallen 6% against the Canadian dollar and flights to the region have decreased by 6% year-on-year.
By comparison, the Australian dollar has fallen by 21% against the US dollar in the last 12 months and average accommodation costs in Australian dollars have risen.
However, Expedia data shows the increasing cost, due to the exchange rate, is not necessarily deterring holidaymakers from the US with demand still up year-on-year. One contributing factor is that average flight costs to the US have decreased more than 10% year-on-year. Additionally, some further downward pressure on airfares is expected since Qantas and American Airlines recently announced additional flights, providing a silver lining for travellers^^.
Georg Ruebensal comments on Australians’ love affair with the US: “Whilst it is definitely not as cheap to go to the US as it has been in recent years, we are still seeing positive demand year-on-year for the US. For instance, interest in Hawaii is up more than 25% year-on-year. People might choose to stay in a 3-star over a 4-star or stay a few days less but they are still taking that US holiday.”
Europe’s pick of the bunch:
For travellers planning a trip to Europe, movements in currencies mean some destinations are more affordable than others. The Australian dollar has fallen 12% against the British pound but only 3% against the Euro and has gained ground against the Russian ruble (31%) and the Norwegian krone (3%).
Average accommodation costs in the UK are up 9% to $253 per night whereas movements in average daily rates in France and Italy are more modest, down 4% to $242 and up 1% to $240 respectively. The average costs of flights are down across the board to Norway (-18%), the UK (13%), Italy (-10%), France (-10%) and Russia (-8%).
Georg Ruebensal’s top tips for travellers planning an international holiday: “Most people look for ways to save money so they can get the most out of their holiday, and keeping an eye on currencies is smart. My other insider tips for travellers are to use a tool like Scratchpad on Expedia.com.au, which allows travellers to monitor price movements on hotels and flights; look out for mobile-exclusive deals – apps are so easy; and also to bundle the flight and hotel together when booking – Aussies have the potential to save hundreds of dollars by doing these simple things.”
HOW AUSSIE FAVOURITES RANK:
COUNTRY CURRENCY AUD % GAIN YOY* AVERAGE DAILY HOTEL RATE^ AUD AVERAGE FLIGHT PRICE** AUD
New Zealand
Dollar
4%
$180 (9%)
$463 (-5%)
Italy
Euro
-3%
$240 (1%)
$1,796 (-10%)
France
Euro
-3%
$242 (-4%)
$1,773 (-10%)
Fiji
Dollar
-8%
$257 (4%)
$778 (2%)
Indonesia
Rupiah
-9%
$134 (3%)
$532 (4%)
UK
Pound
-12%
$253 (9%)
$1,804 (-13%)
Singapore
Dollar
-14%
$251 (0%)
$756 (6%)
Thailand
Baht
-16%
$125 (5%)
$922 (13%)
China
RMB
-21%
$180 (22%)
$1,109 (1%)
USA
Dollar
-21%
$285 (15%)
$1,520 (-11%)
DESTINATIONS WHERE AUSSIE DOLLAR HAS GAINED GROUND:
COUNTRY CURRENCY AUD % GAIN YOY* AVERAGE DAILY HOTEL RATE^ AUD AVERAGE FLIGHT PRICE** AUD
Russia
Ruble
31%
$170 (-24%)
$1,740 (-8%)
Colombia
Peso
14%
$139 (-4%)
$2,705 (17%)
Brazil
Real
13%
$200 (-7%)
$2,094 (-15%)
New Zealand
Dollar
4%
$180 (9%)
$463 (-5%)
Norway
Krone
3%
$216 (-1%)
$1,766 (-18%)
ENDS
For further information, interviews or images please contact:
Micky Ortner, Haystac
(02) 8094 7762 or 0413 858 733
micky.ortner@haystac.com.au
Kirsty Burgess, Haystac
(02) 8094 7507 or 0478 010 533
kirsty.burgess@haystac.com.au
Notes to Editor:
About the Expedia Value Tracker:
 The Tracker measures the performance of the Australian dollar against major global currencies, including foreign exchange rates and inflation. Expedia assessed a range of foreign currencies against the Australian dollar over a 12 month period (14 July, 2014 to 14 July, 2015). The percentage rate of change between those foreign currencies was calculated against the Australian dollar. The annual rate of inflation in those countries was then calculated over the same period and then subtracted from the percentage change in the exchange rates. These calculations produced a ranking of countries whose currencies give travellers greater value against the Australian dollar.
 ^Average Daily Rates in Australian dollars for accommodation determined by comparing Expedia.com.au data YOY ending 30 June 2015.
 ^^ SMH.com.au . Sourced 5th August 2015 - http://www.smh.com.au/business/aviation/qantas-and-american-airlines-to-boost-flights-between-australia-and-the-us-20150609-ghkact
 *Average flight prices in Australian dollars determined, using Expedia data, by calculating average YOY costs of country of departure and origin in economy class as at 30 June 2015.
 **Top international destinations sourced via ABS data
About the Expedia group
The Expedia group (NASDAQ: EXPE) is one of the world’s leading travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:
 Expedia.com®, a leading full service online travel agency with localized sites in 31 countries
 Hotels.com®, the hotel specialist with localized sites in more than 60 countries
 Hotwire®, a leading discount travel site that offers Hot Rate® Hotels, Hot Rate® Cars and Hot Rate® Airfares, as well as vacation packages
 Travelocity®, a pioneer in online travel and a leading online travel agency in the US and Canada
 Egencia®, a leading corporate travel management company
 Venere.com™, the online hotel reservation specialist in Europe
 trivago®, a leading online hotel metasearch company with sites in 52 countries
 Wotif Group, a leading portfolio of travel brands operating in the Australia/New Zealand region, including Wotif.com®, lastminute.com.au®, lastminute.co.nz® and travel.com.au®
 Expedia Local Expert®, a provider of online and in-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide
 Classic Vacations®, a top luxury travel specialist
 Expedia® CruiseShipCenters®, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 190 retail franchise locations across North America
 CarRentals.com™, the premier car rental booking company on the web
The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. Expedia also powers bookings for thousands of affiliates, including some of the world’s leading airlines, top consumer brands and high traffic websites through Expedia Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.
Trademarks and logos are the property of their respective owners. © 2015 Expedia, Inc. All rights reserved. CST: 2029030-50