Tossing up between travel and cash?

Financial concerns are keeping Aussies from travelling this year, with one in three people putting off travel plans because they cannot afford it.

A survey compiled by Expedia found that one in ten Australian travellers said cash shortage will keep them at home this year, MX reported.

Expedia spokesperson said “consumer confidence” has decreased over the past few months and the industry could see a further decline in bookings with news of the carbon tax.

“The start of the year was quite a different picture, but we’ll have to see how it plays out,” the spokesperson said.

Results of up to 1000 participants sit in-line with comments made by Tourism Events Excellence conference conveyor Tony Charters earlier this week that the slow-down in travel is a result of household financial concerns such as interest rates.