If you've been dreaming of a holiday for the future, you're not alone. According to the latest Holiday Tracking Survey from Roy Morgan Research, holiday intention in Australia is now at a five-year high.
The results for the March 2014 quarter reveal 72 per cent of Australians are planning to take a holiday within the next 12 months. This equates to around 13.9 million people in total, and is much higher than the 67 per cent result recorded from the same quarter last year.
it's also higher than any March quarter over the last five years, which indicates holiday planning is seeing a dramatic surge at the moment.
While most people (58 per cent) are looking to base their holiday within Australia, 11 per cent of people are also ready to head overseas. Domestic holiday intention is also higher than it was in March 2013, when 53 per cent of people were going on an overseas trip. It's even higher than it was at the beginning of this year, when it was at 56 per cent.
Surprisingly, this growth in holiday intention hasn't been accompanied by any similar increases in financial security, consumer confidence or optimism about the future, according to Jane Ianniello, Roy Morgan's international director of tourism, travel and leisure.
"After declining dramatically early last year, holiday intention has recovered and is now at a five-year high, for both domestic and overseas holidays," Ms Ianniello said in a statement.
"This is particularly good news for the Australian tourism industry, which saw domestic intention hit a five-year low this time last year."
If you're planning to jet off on your own holiday adventure, whether it's in Australia or outside of the country, remember that travel insurance is an essential part of your pre-departure planning. Comprehensive travel insurance covers you for flight cancellations or interruptions, theft, luggage damage and health insurance so you can rest assured you are as prepared as you can be.
When it comes to destinations of choice, the Holiday Tracking Survey shows the USA may be topping the list for many Australians. In total, 14.5 per cent of Australians aged 14 years or older want to take a trip there within the next two years.
This is an increase of 4.1 per cent from five years ago, putting the USA above perennial Aussie favourites New Zealand (12.6 per cent) and England (12.4 per cent).