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Eight in 10 Singaporeans plan to maintain travel expenditure in 2016: survey
SINGAPOREANS are still willing to spend on travel, despite fears of a softening economy, a study by Wyndham Hotel Group's loyalty division, Wyndham Rewards, shows.
In the study based on 2,039 respondents from Singapore, 68 per cent said that they were looking for opportunities to save and would be increasingly cost-conscious in their personal financial outlook for 2016.
But in spite of their careful expenditure plans this year, 81 per cent said that they would still travel about the same or more than the previous year, with 36 per cent willing to spend half of their discretionary spending budget or more on travel.
The survey also found that 44 per cent of respondents were planning for a once-in-a-lifetime international trip, and a third of them were intending to travel domestically around the region in 2016.
The interviews were conducted online by Morar (previously Redshift Research) using an e-mail invitation and online survey.