Chart of the day: Singaporeans to spend more on travel in the next 12 months
Most Singaporeans want to fly abroad more than just go somewhere local.
This chart from a research report by Carousell Media Group and the Interactive Advertising Bureau Southeast Asia and India shows that most Singaporeans will focus their spending on international travel in the next 12 months.
Incubated over the past four months, this multi-language research study was conducted across five key markets—Singapore, the Philippines, Malaysia (for both Carousell and Mudah.my marketplaces), Vietnam (Chợ Tốt) and Hong Kong, with 61,600 respondents.
Singaporeans are the most willing to spend on international travel at 39%, above the average of 24% from all five countries. This is followed by domestic travel at 16%. Singaporeans' least spending priorities are property investment and house renovation.
According to the report, the results were not at all surprising given that Singapore is a global hub. It also has fewer travel restrictions than other countries in the region.