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Canna suggests, “Look for all-inclusive packages so you know exactly what your holiday will cost you, sign up to newsletters for hot deals, and keep an eye out for bonus inclusions like room upgrades, kids travel free or bonus room credit to make your holiday dollar stretch as far as possible.”

P&O’s Holiday Report also reveals that transit time and hidden costs are becoming a significant turn-off when booking a holiday – 38% of Aussies admit cancelled or delayed flights are impacting their holiday plans, while just under half the nation (47%) don’t want to spend more than 3–5 hours in transit.

Canna further suggests that you have a separate dedicated savings account, nicknamed “Holiday Savings”, and try and regularly contribute to this savings account as part of your budget when you get saved.

With school holidays underway, Australians crave a holiday with loved ones more than ever, yet research* released today reveals that almost half (43%) don’t have a holiday booked in the next six months. The latest Holiday Report from P&O Cruises Australia highlights that the cost-of-living crisis significantly impacts personal budgets, with just over half (51%) of Aussies blaming rising interest rates.

We’ve all been waiting a long time for cruising to restart as it’s one of the most affordable and stress-free ways to holiday and spend quality time with friends and loved ones. Great for headspace seeing those savings build up, knowing that a debt-free holiday is just around the corner, says Canna. “That way, you have the cash to pay for your holiday and enjoy it guilt free! So we’re doing everything possible to ensure Aussies can still enjoy a well-deserved holiday without breaking the bank.”

We know that 85% of us will spend the same, if not less than before, on holiday due to the rising cost of living. She also says that any extra other money or savings you find can also be deposited into this savings account. According to one of Australia’s leading financial experts, Canna Campbell, inflationary pressures and interest rate rises are eating into discretionary income, which significantly impacts everyday Aussies. However, after two years of lockdowns, a well-deserved break is precisely what Aussies are craving, she says.

Over 40% of Australians say that the additional cost of participating in activities once they reach their destination also impacts them. “We understand more than anyone that Australians value their holidays”.

Ryan Taibel, P&O Cruises Vice President of Sales and Marketing Australia, says that the return of cruising to Australia and the South Pacific couldn’t be timelier. Her simple tips for getting more bang for your buck? Almost a third of the nation feels significantly impacted.

To help Aussies fulfil their holiday goals, P&O Cruises will launch its Kids Cruise Free sale – purchase two adult fares and your third and fourth guest travel free for bookings between 11–17 October.

For more information, contact your professional travel agent.