Cambodian airfares are the cheapest in the world, according to a travel document analysis by the travel agency Airline World, with most of the cheapest destinations in the Middle East and Asia, and much of the rest in Africa.
“Cambodias high cost of living and relative lack of infrastructure make them a good choice for travellers,” Airline says in its airfare analysis.
The company’s data is based on average fare from the United States, and includes both domestic and international airfaring.
It includes destinations from London to Dubai, Johannesburg to Cape Town, Perth to Darwin, Johannesberg to Cape Cod and the Caribbean islands.
A trip from Hong Kong to the Philippines will cost between $1,500 and $3,500, and a trip from Sydney to Hong Kong will cost $3.80 to $7.80.
The cheapest airfare is in the Pacific region, where airfarer fares average $4,700.
Australia, however, ranks near the bottom of the list with a fare of $1.30 per passenger from Sydney, which is more than four times the price of Singapore.
Australia’s airfared fares have been trending downwards over the past year, with the average fare going down by more than 25 per cent in the past two years, according a recent report by the Australian Institute of Travel Research.
In December, Australia’s economy slowed to a four-year low and the economy’s gross domestic product contracted by 2 per cent.
“It’s very difficult to make good economic decisions when your economic performance is so weak,” said the study’s author, Michael Brummell, from the University of Sydney.
The study compared airfear and economic conditions in 40 countries, including a country such as Thailand, which had a very weak economic outlook.
Airfear has a lot to do with a lack of information and lack of clarity in terms of which regions will be affected by the virus, he said.
“People are very fearful, they’re worried about getting sick,” Mr Brummel said.
The report also noted the lack of transparency in the country’s economic outlook, with many forecasts for the economy being based on an economic outlook published by a central bank.
In January, a national bank forecast for the country was $16 billion in deficit, a number which has since been revised down to $10.5 billion.