ASIA Travel

Americans Spending the Most at Great Singapore Sale

Search ASIA Travel Tips .com Latest Travel News Send to Friend Tuesday, 21 July 2009

Both local and visiting MasterCard cardholders combined, spent US$368.5 million over the first month of the Great Singapore Sale (GSS) between 29 May and 27 June 2009, an increase of 1% versus the same period last year (23 May - 21 June 2008). Overall, the number of transactions rose 14% to 3,151,586 this year.

Tourist spending was up 3% compared to the same period last year, with visiting cardholders buying US$130.8 million worth of goods and services. Cardholders from the US, Australia, UK and Malaysia were the biggest spenders.

 Spend by Singaporean MasterCard cardholders was almost equal to last year, down only marginally by 0.2% to US$ 237.7 million. Transactions though were up 13%, indicating that local shoppers made a larger number of small-ticket item purchases in the first month of this year’s sale.

“True to our expectations, consumers are looking for great savings and big value in these trying economic times, and it is clear that they appreciate the effort that the retailers have put in to give them what they want in terms of discounts and promotions,” said Lau Chuen Wei, Executive Director, Singapore Retailers Association.

Noting that the Singapore Tourism Board (STB) had worked to increase awareness of the sale with new initiatives including a ‘Tag and Win’ online contest as well as tactical activities including distributing free ice-cream and balloons during sale weekends under the ‘2009 Reasons to enjoy Singapore’ marketing campaign, Andrew Phua, Director of Tourism Shopping & Dining at STB said, “The latest MasterCard GSS spend data figures are encouraging as they indicate that shoppers, both locals and tourists, are realizing savings with the many shopping deals lined up.... With a few more weeks left to the sale, we hope shoppers will take the opportunity to enjoy more savings with their GSS buys.”

Julienne Loh, vice president and Country Manager, Singapore, MasterCard Worldwide added, “The data reinforces the GSS’s position as an important fixture on Singapore’s retail calendar, offering consumers great savings and bringing in valuable tourist dollars to the economy. Savvy shoppers count on the sale to deliver the best discounts and so plan months ahead to make their purchases during the sale period. That’s why despite the times, overall spend by MasterCard cardholders was up 1% during the first month of the GSS, as shoppers made value purchases and focused on getting more for less with the privileges offered on their cards. Overall, transactions were up 14% versus last year, indicating that shoppers were buying more small- ticket items. Tourist spending also increased by 3%, supporting Singapore’s position as an attractive premier shopping and leisure destination for travellers.”

Electronics items were one of the biggest draws for Singaporean cardholders. Although not among the top three spend categories, electronics ranked high in the list. Local consumers bought US$6.3 million worth of gadgets and gizmos in the first month of the Sale or 27% more than last year.

“Local cardholders have been especially receptive to the deals offered at large electronics fairs taking place during the GSS period, sending spend in the electronics category up 27%. Singaporeans, with their love for all things tech, are using this opportunity to stock up on consumer electronic items such as laptops, software, cameras and music players,” Loh said.

Other key highlights of the first month include:

Mirroring the trend observed during the first weekend of the GSS, the top three spend categories for Singaporean cardholders over the first month of the sale were Eating Places and Restaurants, Department Stores and Grocery Stores and Supermarkets.

Thrifty consumers continued to cut back on spending at Eating Places and Restaurants by 12%, while spending 56% more in Grocery Stores and Supermarkets.

Spend by American and Australian cardholders registered a significant increase (44% and 20% respectively) compared to the same period last year. US cardholders emerged as the top tourist shoppers during the first month of the sale, spending US$ 21.3 million, while Australian cardholders came in a close second, spending US$ 19.5 million. Cardholders from the UK came in as the third largest group of spenders, registering a 7% increase in expenditure compared to last year.

Americans spent the most on electronics while Australians preferred shopping at duty free stores. Clocks, jewellery, watches and silverware were favourites with tourists from the UK. Cardholders from Malaysia enjoyed shopping the most at department stores while Japanese tourists preferred to pamper themselves at health and beauty spas.

Dining continued to be a key part of the sale experience for both local and tourist cardholders. Shoppers continued to patronize department stores, sending spend in that category up 2% to US$14.7 million.

See other recent news regarding: Airlines, Aviation, Flights, First Class, Business Class, GDS, Miles, Hotels, Promotions, New Hotels, Visitor Arrivals, Cruises, Free Deals, Singapore, Sale, Shopping, Spending, MasterCard

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Copyright © 1997-2017