The outbound travel boom by Australians appears to be over. Outbound growth fell to just +1% during March, according to the latest ABS stats.
That’s the lowest figure since the bad old days of the GFC in 2009, when outbound travel went backwards. It is the sixth consecutive month to under-perform the previous year.
Post-GFC outbound travel rebounded spectacularly but this is different, the leading edge of a longer-term trend.