Press Release

For immediate release

Information verified correct on December 3rd, 2016

Travellers flock to U.S. in record numbers despite weak Aussie dollar

  • More than 1 million Aussies have visited the United States in the past 12 months, up 5.3% in a year
  • This comes despite a 15% decline in the Aussie Dollar
  • Value for money: Most everyday items still cheaper in the U.S. compared to Australia

23 May, 2016, Sydney, Australia – The number of Australian visitors heading to the United States in the past 12 months has passed the 1 million mark for the first time, despite the weak Aussie Dollar, according to new research by finder.com.au, one of Australia’s biggest comparison websites.

A finder.com.au/travel-insurance investigation of Australian Bureau of Statistics Overseas Arrivals and Departures data shows a record 1.02 million Aussies headed to the U.S. in the year to March 2016. This was up from 971,200 visitors 12 months earlier.

Cracking the million visitor milestone comes in spite of the Australian Dollar sinking 15% versus the Greenback over the past year. The recent decline to US $0.735 is $0.13 less than the US$0.867 one year earlier.

This follows a spike in the number of Australians searching and applying for travel insurance to America on finder.com.au/travel-insurance, with interest more than doubling in the past 12 months.

Michelle Hutchison, Money Expert at finder.com.au/travel-insurance says the U.S. remains very popular even though the Australian Dollar has fallen against the Greenback, perhaps because of the cheap cost of flights.

“While our Dollar is not as good value in the U.S. as it was a few years ago when the Aussie Dollar was above US$1.00, lower flight costs have cushioned Aussie travellers heading to America.

“Rock bottom airfares to America are being offered to Aussies for as little as $798 return (Sydney to LA).

“The figures prove Australians’ enduring love affair with America as a holiday hotspot – with official visitor numbers growing 5.3% in a year. In fact there have been year-on-year increases since March 2009.

“Interestingly, despite a weaker Aussie Dollar, most everyday items are still cheaper in America compared to Australia – even after converting currency – keeping the Aussie tourism market strong.

“For instance, while a cappuccino might be a little dearer in America ($5.20) than Australia ($4.08), a mid-range meal for two is 14% cheaper ($80 in Australia vs $68.79 in America) and prepaid mobile calls are almost 60% cheaper in the U.S.

“Comparatively you get more bang for your buck in the U.S. but travellers still need to be mindful of potential risks and consider travel insurance before taking off. You don’t want to turn a great value holiday into a financial disaster.”

Difference in cost of everyday items in Australia and America

cost-of-everyday-items-in-australia-and-america

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Disclaimer

The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.

About finder.com.au:

finder.com.au is one of Australia’s biggest comparison websites and has helped over 4.8 million Australians find better credit cards, home loans, life insurance, shopping deals and more since 2006. finder.com.au compares 250 credit and debit cards from 31 providers, over 300 home loan products, and information from 13 life insurance providers as well as online shopping promo codes, mobile phone plans, travel insurance and more. One Australian every five minutes is using finder.com.au or creditcardfinder.com.au to find better (Source: Google Analytics).

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