439 views
Photo from Freepik

How Singaporeans stretch travel budgets without compromising on experience

They have three strategies.

Singaporeans are gearing up for the holiday season by finding ways to stretch their travel budgets. 

According to American Express' Trendex, six in 10 plan to redeem travel credit card points or airline miles, and five in 10 will skip airline seat selection to save on costs. 

Additionally, 76% will choose off-peak days to make their trips more affordable.

While seeking to maximize savings, 87% of Singaporean travellers are also willing to pay extra for convenience and an enjoyable experience. 

When booking their trips, the majority (52%) prefer using online travel agencies, followed by general online searches (38%) and travel agents (8%).

According to Trendex, eight in 10 Singaporeans plan to travel during the holidays, with 88% keen to visit new destinations and 73% giving higher priority to travel this year. 

The top travel companions are family (65%), significant others (35%), and friends (22%). Solo travel is less popular, with only 10% opting to go alone.

When visiting friends and family, nearly half (49%) prefer short-term rentals, 33% stay with their hosts, and 18% have no strong preference.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

Singapore payments to hit $114b by 2030
Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.
Cards & Payments