Passport Stamps and Travel Budgets: Asia Pacific Travellers Taking More Trips, Spending More
Visa research shows Asia Pacific travellers took more overseas trips and plan to spend more in future than their global peers
Singapore -- Travellers from Asia Pacific are filling up their passport pages at a faster rate than their global counterparts and are now leading the world in leisure travel, according to Visa's Global Travel Intentions Study 20151 ("Study").
On average, Asia Pacific travellers who took part in the Study made six international trips in the past two years, three of which were for leisure. In addition, according to the Study findings, Asia Pacific travellers are the most likely to mix business with leisure while overseas. Twenty-two percent of Asia Pacific travellers say their most recent trip was for business and leisure, ahead of the global average of 16 percent.
Vivian Pan, senior director of cross-border and channel marketing, Visa Asia Pacific, said, "Asia Pacific is an extremely well-connected region, and going abroad for leisure travel holds a special appeal for Asia Pacific travellers as they are keen to explore new places and gain new international experiences. This love of international travel, coupled with rising disposable personal incomes, has led to travellers from this region driving the increased desire for more trips, leading to more travel spending."
In the past two years, the global survey showed travellers from Singapore took the most leisure trips (95 percent), followed by those from Hong Kong (92 percent), South Korea (90 percent) and Malaysia (90 percent).
Future Travel Spending from Asia Pacific
Future spending on international leisure travel from Asia Pacific travellers looks bright for the travel industry as well, with Asia Pacific leading globally with the sharpest rise in terms of likelihood to spend more (71 percent), followed by the Americas (66 percent) and Europe (56 percent).
According to the Study, respondents from Asia Pacific indicated that their travel spend for their next trip is likely to average US$3,501.
Travellers from China, India and Australia are likely to be the top spenders from Asia Pacific countries on their their next trip, (US$4,501 each), which ranks them third globally behind travellers from the United States and Saudi Arabia (US$5,501 each).
Sheo S. Rai
Phone: +65 6671 5388
About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit https://usa.visa.com/, visacorporate.tumblr.com and @VisaNews.