71 per cent of those who will travel say they will be staying at home due to cost.

The Rise of Wellness-Focused Staycations

The wellness-focused staycation trend is also gaining momentum, with 71 per cent of those who will travel staying at home due to cost.

Planning and Budgeting

Setting the Budget

When planning a trip, it’s essential to set a realistic budget. This involves considering various expenses such as flights, accommodation, food, and activities. A budget breakdown can help you prioritize your spending and make the most of your holiday. • Flights: This is often the largest expense for many travellers. • Accommodation: The cost of accommodation can vary greatly depending on the destination and type of accommodation. • Food: Eating out can be expensive, especially in tourist areas.

Purchasing Insurance Directly

Australians are increasingly turning to purchasing travel insurance directly from the insurance provider. This trend is driven by a desire for greater control and flexibility in their insurance purchasing process. By buying directly, travellers can tailor their policies to their specific needs and avoid unnecessary add-ons. • Key benefits of purchasing insurance directly include:

For example, a traveller who purchases a policy directly from a provider may be able to choose from a range of coverage options, including trip cancellation, medical evacuation, and luggage loss. They may also be able to negotiate a better price or receive exclusive discounts for purchasing their policy upfront.

For instance, a traveller may be able to compare prices and coverage options from multiple providers on a website like Expedia or Booking.com.