, Singapore
Photo by shawnanggg on Unsplash

46% of Singaporeans want to spend their money the most on international travel

Singaporeans said they will likely spend $3,468 when visiting countries overseas.

Almost half of Singaporeans (46%) want to spend their money most on international travel in the next 12 months, a survey by solutions provider Amadeus showed.

According to the survey, Singaporeans prioritise spending on overseas travel over eating out (37%), domestic travel (33%), online subscriptions such as Netflix (31%), new clothes (29%), and big-ticket items like a new car or home furnishings (24%).

Singaporean's desire for international travel is also higher than those in Germany (44%), France (39%), and the United States (37%).

On average, Singaporean consumers said they will likely spend $3,468 on international travel over the next 12 months, similar to how much they spent in 2019 ($3,547 on average).

When spending on their travel, Amadeus said a majority of Singaporeans (94%) are likely to go for a pay-by-instalment option like Buy Now, Pay Later, whilst some (57%) will use their credit card.

There are also over two-thirds of Singaporean travellers (66%) who will spend any loyalty points they’ve previously collected to pay for trips.

When planning an international trip, 88% of Singaporeans say they pay attention to FX fees and costs associated with it.

Singaporean travellers are expecting to pay the most attention to FX fees and costs when compared with the global average (73%), USA (73%), France (71%) and Germany (67%) added Amadeus.

“This research clearly shows consumers are prepared to forego spending in other areas of their lives to accommodate travel this year. But that’s not the end of the story. The industry will need to look for ways that fintech can make travel costs more transparent as well as help travellers manage their spending.” David Doctor, Executive Vice President, Payments, Amadeus, said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SIT, DNV ink 3-year partnership on maritime decarbonization and digitalization
The parties will cooperate in three key areas.   The Singapore Institute of Technology (SIT) has joined hands with a maritime advisor, DNV, to advance net-zero ambitions in the Lion City’s maritime sector.


Where to invest your millions in real estate
Amongst locations, realtors suggest the Core Central Region.   Individuals seeking shelter in the real estate market amidst the rising inflation must consider three things before deciding where to invest their millions in.   George Tan, managing director of Savills Digital Residential Marketing, said one of these factors is location.    Tan said buyers should consider areas which are highly demanded and well located—easy access to prestigious or international schools, MRT, malls and food and beverage (F&B) establishments. All these will contribute to good rental demand.   PropNex realtor, Andy Lim, echoed this, adding that buyers should particularly invest in properties within one kilometre of the prestigious schools.