PRESS RELEASE

Brisbane revealed as booming international travel hub

 

fcm-au-hw-brisbane-international-hub

12 September 2024FCM Travel, the large-market corporate travel division of Flight Centre Travel Group, has revealed a significant upswing in international travel and a drop in the cost of airfares from Brisbane. 

According to exclusive new corporate booking data, international outbound bookings from the Sunshine Capital were up 38 per cent, and inbound bookings were up more than 50 per cent in the first half of 2024, compared to the first half of 2023.   

The growth in bookings comes alongside a notable decrease in airfare prices from Brisbane, with international economy tickets dropping by 13 per cent, and business class fares dropping by five percent in the same period (H1 2024 compared to H1 2023).  

FCM Travel General Manager ANZ Renos Rologas said the growth in bookings and fares was a positive sign for the Brisbane economy, and lower fares was great news for travellers, but more seat capacity was needed to ensure the trend continued.   

“Brisbane's international airline seat capacity is currently at 90 per cent of what it was before the pandemic, which has it slightly lagging behind the Australian average of 96 per cent,” he said.  

“I have no doubt that this news today will encourage both our international and domestic carriers to add more flights and more new routes in and out of Brisbane, which will of course drive more choice and better fares for travellers.   

“As we often see with airfares, there are certainly winners and losers, so it pays to know which destinations are seeing the biggest rate of savings.  

“For example, San Francisco, Dubai, Paris, Rome and Auckland are seeing the biggest drops, with savings of up to 26 per cent on economy tickets on those routes.  

“But flights to Port Moresby have been getting more expensive for travellers, and that’s coming down to the sheer amount of demand we’re seeing on that route, which is one of the most popular across corporate travellers. 

“The top international destinations for FCM Travel customers departing from Brisbane in the first half of 2024 were Papua New Guinea, Malaysia, New Zealand and the United Kingdom. 

"These trends not only reflect the resilience and strength of the travel sector but also underscore the growing confidence of businesses in international markets, and we’re committed to facilitating seamless connection across the global for all of our travellers. 

“Brisbane's economy has shown resilience in recent years, rebounding strongly relative to other cities from the global pandemic, and faring more positively amidst economic challenges.” 

According to Oxford Economics, Brisbane's economy has outperformed most other APAC cities over recent years, and this trend is expected to continue with economic growth of around 24 per cent forecast from 2024 to 2032. 

 

Brisbane international travel bookings growth

 

 

Brisbane inbound 

Brisbane outbound  

International booking growth  

H1 2024 compared to H1 2023  

+51% 

+38% 

 

Change in price of international airfares from Brisbane to key cities – H1 2023 vs H1 2024 

 

 

 

H1 2024  cost of fare 

YoY Change 

 

H1 2024 cost of fare 

YoY Change 

ECONOMY 

BUSINESS 

San Francisco  

$1,917 

-26% 

$11,268 

+17% 

Dubai  

$2,125 

-19% 

$10,767 

= 

Paris 

$2,440 

-17% 

$9,998 

-5% 

Auckland  

$768 

-14% 

$1,986 

-11% 

Rome 

$2,525 

-13% 

$10,494 

-2% 

Kaula Lumpur 

$1,317 

-12% 

$5,810 

-3% 

London 

$2,493 

-11% 

$10,316 

-7% 

Singapore 

$1,332 

-10% 

$5,335 

-6% 

Vancouver 

$2,427 

-10% 

$9,360 

-11% 

Tokyo 

$1,533 

-10% 

$6,083 

-12% 

Dallas 

2,731 

-7% 

$13,653 

-6% 

Queenstown  

$951 

-5% 

$2,772 

+5% 

Port Moresby 

$1,184 

+12% 

$5,235 

= 

 

*Data is attributable to FCM Travel.