- Travel is one of the highest credit card spend categories for Asia Pacific survey respondents, accounting for almost a third (27%) of annual expenditure.
- Singapore respondents spend the most on travel (more than USD10,000 per annum) when compared to respondents from other countries in Asia Pacific.
- Demand for air travel grows from strength to strength with respondents in Asia Pacific making approximately 6 return trips a year.
The research also reveals Southeast Asia to be an emerging travel powerhouse. The annual travel spend for survey respondents based in Singapore is USD10,619, almost double that of markets such as mainland China (USD5,014), and Japan (USD4,529). Southeast Asian survey respondents in Malaysia and Thailand also spend considerably on travel annually, budgeting USD5,939 and USD5,548 respectively.
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