Caravan rentals heat up as Aussies choose to travel locally

caravan rentals heat up as aussies choose to travel locally

New research says caravan and motor home spending has picked up while far flung destinations remain out of the picture.

Latest spending data from the Commonwealth Bank has found spending on rentals for camping and caravans lifted in December, as large scale state border restrictions started to ease.

Despite Sydney’s northern beaches cluster causing a setback in the middle of the month, CBA economist Belinda Allen said household spending remained robust throughout the month, with uplifts felt in entertainment, retail and health and fitness sectors.

“While the situation warrants some caution, we continue to expect solid household spending and economic growth for Australia through 2021,” she said.

Camera IconCBA economist Belinda Allen said household spending remained robust throughout December. Credit: News Corp Australia, Bob Barker

Ms Allen did note weekly spending data collected through the major bank’s payment and card network had shown a cooling off in travel consumption in recent weeks as a result of new measures to curb COVID-19 transmission.

Camera IconCBA economist Belinda Allen said household spending remained robust throughout December. Credit: News Corp Australia, Bob Barker

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Camera IconCBA economist Belinda Allen said household spending remained robust throughout December. Credit: News Corp Australia, Bob Barker

Camera IconCBA economist Belinda Allen said household spending remained robust throughout December. Credit: News Corp Australia, Bob Barker

Ms Allen did note weekly spending data collected through the major bank’s payment and card network had shown a cooling off in travel consumption in recent weeks as a result of new measures to curb COVID-19 transmission.

“I think the reimposition of state borders could create further uncertainty around booking interstate travel,” she said.

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