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MasterCard Consumer Saving Survey: Market Highlights - Asia Pacific

Travel News Asia Latest Travel News Podcasts Monday, 3 August 2009

Page 2 of 3: Page 1, Page 2, Page 3.

As the Market Highlights from Asia Pacific and the Market Highlights from the Middle East and South Africa are so detailed we have devoted a whole page to each.

Australia

- Male consumers (45%) in Australia are planning to save more compared to their female counterparts (41%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (66%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (46%), 46 to 55 years (31%) and 56 years and above (22%).

- The economic uncertainty has caused 56% of Australian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-30 age bracket (62%) are most concerned about saving for a rainy day.

- Australian consumers are also saving for buying property (44%), retirement (37%) and international personal air travel (36%).

- The majority of Australian consumers (37%) plan to save between 1-10% of their income in the next six months.

China

- Male consumers (15%) in China are planning to save more compared to their female counterparts (7%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (17%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (9%), 46 to 55 years (9%) and 56 years and above (7%).

- The economic uncertainty has caused 48% of Chinese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-30 age bracket (53%) are most concerned about saving for a rainy day.

- Chinese consumers are also saving for investments (55%), consumer electronics (53%) and buying property (49%).

- An equal proportion of Chinese consumers (25% each) plan to save between 11-20% and 21-30 % of their income in the next six months.

Hong Kong

- Male consumers (28%) in Hong Kong are planning to save more compared to their female counterparts (20%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (39%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (18%), 46 to 55 years (17%) and 56 years and above (4%).

- The economic uncertainty has caused 67% of consumers from Hong Kong to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those above 56 years and above (73%) are most concerned about saving for a rainy day.

- Consumers from Hong Kong are also saving for retirement (49%), international personal air travel (44%) and investments (42%).

- The majority of consumers from Hong Kong (26%) plan to save between 1-10% of their income in the next six months.

India

- Female consumers (49%) in India are planning to save more compared to their male counterparts (46%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (55%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (41%), 46 to 55 years (45%) and 56 years and above (39%).

- The economic uncertainty has caused 79% of Indian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 46-55 age bracket (82%) are most concerned about saving for a rainy day.

- Indian consumers are also saving for investments (65%), retirement (56%) and buying property (47%).

- The majority of Indian consumers (28%) plan to save between 11-20% of their income in the next six months.

Indonesia

- Male consumers (42%) in Indonesia are planning to save more compared to their female consumers (41%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (49%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (44%), 46 to 55 years (35%) and 56 years and above (30%).

-  The economic uncertainty has caused 82% of Indonesian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. All the different age groups are as concerned about saving for a rainy day - 18-30 years old (82%), 31-45 years old (81%), 46-55 years old (82%) and those above 56 years old (82%).

- Indonesian consumers are also saving for investments (81%), retirement (67%) and buying property (61%).

- The majority of Indonesian consumers (33%) plan to save between 1-10% of their income in the next six months.

Japan

- Female consumers (22%) in Japan are planning to save more compared to their male counterparts (17%) in the next six months.

- Consumers between the ages of 31 to 45 years old (23%) are planning to save more in the next six months compared to the other age groups – 18 to 30 years (20%), 46 to 55 years (18%) and 56 years and above (8%).

- The economic uncertainty has caused 65% of Japanese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 31-45 age bracket (72%) are most concerned about saving for a rainy day.

- Japanese consumers are also saving for retirement (30%), investments (18%) and international personal air travel (17%).

- The majority of Japanese consumers (36%) plan to save between 1-10% of their income in the next six months.

Korea

- Female consumers (22%) in Korea are planning to save more compared to their male counterparts (14%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (31%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (19%), 46 to 55 years (4%) and 56 years and above (8%).

-  The economic uncertainty has caused 49% of Korean consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. 51% of Korean consumers however, do not see this as the main reason for saving more/same in the next six months. Among the different age groups, those in the 18-30 age bracket (58%) are most concerned about saving for a rainy day.

- Korean consumers are also saving for retirement (56%), buying property (28%) and investments (25%).

- The majority of Korean consumers (19%) plan to save between 21-30% of their income in the next six months.

Malaysia

- Male consumers (24%) in Malaysia are planning to save more compared to their female counterparts (23%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (28%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (19%), 46 to 55 years (22%) and 56 years and above (15%).

- The economic uncertainty has caused 70% of Malaysian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 46-55 age bracket (79%) are most concerned about saving for a rainy day.

- Malaysian consumers are also saving for investments (59%), retirement (52%) and buying property (28%).

-  The majority of Malaysian consumers (31%) plan to save between 1-10% of their income in the next six months.

New Zealand

- Male consumers (48%) in New Zealand are planning to save more compared to their female counterparts (43%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (73%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (42%), 46 to 55 years (41%) and 56 years and above (20%).

- The economic uncertainty has caused 49% of New Zealander consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. 51% of New Zealander consumers however, do not see this as the main reason for saving more/same in the next six months. Among the different age groups, those in the 46-55 age bracket (54%) are most concerned about saving for a rainy day.

- New Zealander consumers are also saving for retirement (54%), buying property (43%) and international personal air travel (43%).

- The majority of New Zealander consumers (39%) plan to save between 1-10% of their income in the next six months.

Philippines

- Female consumers (48%) in Philippines are planning to save more compared to their male counterparts (43%) in the next six months.

-  Younger consumers between the ages of 18 to 30 years old (53%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (42%), 46 to 55 years (41%) and 56 years and above (37%).

- The economic uncertainty has caused 83% of Filipino consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-30 age bracket (89%) are most concerned about saving for a rainy day.

- Filipino consumers are also saving for investments (60%), retirement (57%) and consumer electronics (38%).

- The majority of Filipino consumers (47%) plan to save between 1-10% of their income in the next six months.

Singapore

- Female consumers (37%) in Singapore are planning to save more compared to their male counterparts (32%) in the next six months.

- Consumers between the ages of 31 to 45 years old (39%) are planning to save more in the next six months compared to the other age groups – 18 to 30 years (31%), 46 to 55 years (27%) and 56 years and above (36%).

- The economic uncertainty has caused 79% of Singaporean consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 46-55 age bracket (86%) are most concerned about saving for a rainy day.

- Singaporean consumers are also saving for retirement (73%), international personal air travel (25%) and investments (22%).

- The majority of Singaporean consumers (31%) plan to save between 21-30% of their income in the next six months.

Taiwan

- Male consumers (26%) in Taiwan are planning to save more compared to their female counterparts (23%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (46%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (21%), 46 to 55 years (13%) and 56 years and above (15%).

-  The economic uncertainty has caused 79% of Taiwanese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-30 age bracket (87%) are most concerned about saving for a rainy day.

- Taiwanese consumers are also saving for retirement (60%), investments (39%) and buying property (39%).

- The majority of Taiwanese consumers (23%) plan to save between 1-10% of their income in the next six months.

Thailand

- Female consumers (39%) in Thailand are planning to save more compared to their male counterparts (24%) in the next six months.

- Younger consumers between the ages of 18 to 30 years old (38%) are planning to save more in the next six months compared to their older counterparts – 31 to 45 years (30%), 46 to 55 years (26%) and 56 years and above (18%).

- The economic uncertainty has caused 95% of Thai consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-30 age bracket (99%) are most concerned about saving for a rainy day.

- Thai consumers are also saving for retirement (53%), emergency purposes (28%) and investments (26%).

- The majority of Thai consumers (45%) plan to save between 1-10% of their income in the next six months.

Vietnam

- The same amount of male consumers (52%) and female consumers (52%) in Vietnam are planning to save more in the next six months.

- Consumers who are above 56 years old (55%) are planning to save more in the next six months compared to the other age groups – 18 to 30 years (54%), 31 to 45 years (52%) and 46 to 55 years (47%).

- The economic uncertainty has caused 89% of Vietnamese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-30 age bracket (90%) are most concerned about saving for a rainy day.

- Vietnamese consumers are also saving for investments (46%), buying property (37%) and purchase of car/motorcycle (34%).

- The majority of Vietnamese consumers (30%) plan to save between 1-10% of their income in the next six months.

As the Market Highlights from Asia Pacific and the Market Highlights from the Middle East and South Africa are so detailed we have devoted a whole page to each.

Page 2 of 3: Page 1, Page 2, Page 3.

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