Commonwealth Bank of Australia reports gains in travel spending intentions in Mar-2022

13 April, 2022

Commonwealth Bank of Australia (CBA) stated (12-Apr-2022) the CommBank Household Spending Intentions (HSI) Index rose 9.2% in Mar-2022, compared to Feb-2022, with strong gains in transport, travel and retail helping lift the index to a record high of 117.1. The transport spending intentions category posted the strongest gains, up 31.8%. Travel spending intentions rose 18% and are now 43.7% higher than Mar-2021. CBA reported strong gains in spending intentions across travel agencies, airlines, airports and bus lines. Travel related transactions and Google searches linked to accommodation and tourist destinations posted meaningful increases in Mar-2022. CBA chief economist Stephen Halmarick stated: "While some of these increases can be attributed to people booking getaways for the Easter holidays, the overall rebound is also driven by people feeling more confident to travel despite the ongoing threat of COVID". [more - original PR]