Simpson Gap, 22 km west of Alice Spings, Northern Territory, Australia. Source: Adobe Stock.
Rising costs of living and airfares point to long-haul travel being affordable for fewer people. It also might reshape the way we think about tourism.
Australians need to brace for a reality check. When it comes to international travel, we’ve had it too good for too long.
After years of cheap flights to all corners of the globe, market reality has hit and we’re in for a bone-shaking landing.
That will mean a fundamental shift for the visitor economy. And the good news is, Australia stands to cash in.
Since the pandemic, airfares have re-adjusted and tightened. On average, airfare costs comprise approximately 30 to 35% for jet fuel, 30 to 35% for labour and the remainder for aircraft leasing, purchases, administration, and other overheads.
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