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Work travel influences annual leave decisions for half of Australians

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Recent research conducted by Flight Centre’s Corporate Traveller has shed light on how the opportunity to travel for work impacts employees’ decisions regarding annual leave.

The study revealed that 54% of employees stated that business travel would influence how they utilised their annual leave entitlements.

The findings, gathered from a survey of 1001 Australians representing a cross-section of demographics, underscored significant variations in attitudes towards annual leave influenced by factors such as age and geographic location.

Notably, Generation Z individuals (aged 18-24) emerged as the group most likely to reduce their annual leave usage if provided with the opportunity for work-related travel, with 56% expressing this inclination.

Conversely, Baby Boomers (aged 55-69), particularly those aged 55-64, were least likely to alter their annual leave habits due to business travel, with 56% indicating that travel for work would have no impact on their leave decisions.

Key insights

  • Millennials and Generation X individuals (aged 25-54) were more inclined to extend work trips to include leisure time, with 32% and 31%, respectively, expressing this intention.
  • Queenslanders exhibited a lower propensity to be influenced by work-related travel benefits compared to respondents from other states, with 55% stating that travel for work would not impact their annual leave usage.
  • The research also delved into the potential benefits of combining business and leisure travel, highlighting cost savings and the opportunity to explore new destinations.

Tom Walley, the Australian-based Global Managing Director at Corporate Traveller, emphasised the significance of age, life stage, and location in shaping employees’ attitudes towards annual leave utilisation.

He noted that younger workers, in particular, may view the prospect of traveling for work as a novel experience and an opportunity to explore new places outside of their usual routine.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Wall Street rallies as oil prices dip and bitcoin hits new high

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Wall Street started the week on a high note, extending last week’s rally as oil prices fell and bitcoin surged to a new record.

The Dow Jones jumped 1%, reaching over 44,000, with Tesla and big banks leading gains.

Crypto stocks soared as bitcoin hit an all-time high above $82,300, driven by optimism about lighter regulation.

Investors are also focused on upcoming inflation data, which could provide more clues about interest rates.

The dollar remained near a recent peak as Federal Reserve speakers, including Chair Jerome Powell, are set to weigh in later this week.

European markets followed suit, with the pan-European STOXX 600 rising over 1% on Monday.

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Bitcoin surges to record highs post-election

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Bitcoin soared to nearly $80,000, reaching unprecedented levels following Donald Trump’s decisive presidential victory earlier this week.

This marks a significant 65.4% increase from its January low of $38,505, underscoring the cryptocurrency’s remarkable growth this year.

The surge is largely attributed to President-elect Trump’s commitment to establishing the United States as “the crypto capital of the planet,” signaling a potential shift toward more favorable regulations for digital currencies.

Investors are optimistic that the incoming administration’s pro-crypto stance will further bolster the market, potentially leading to sustained growth in the sector.

Analysts suggest that this momentum could pave the way for Bitcoin to reach even higher valuations in the near future.

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Iron ore and oil prices drop as Beijing holds back

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China’s National People’s Congress announced a $1.3 trillion plan, but it’s focused on debt, not demand.

Mining giants BHP and Rio Tinto saw share prices fall as hopes for a strong stimulus faded.

Analysts say this “recycling debt plan” won’t deliver a boost for Australia’s resource exports.

Iron ore futures dropped 3%, and oil prices fell 2% after China’s announcement.

Some Australian economists see this as a missed opportunity for mining and the broader economy.

Beijing may wait for clarity on Trump’s trade policies before introducing more aggressive stimulus.

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