Asia Pacific travelers stretch their travel
budgets by shopping at duty free stores, according to a survey
commissioned by Visa.
The Visa Travel Smart Survey asked 2,226
travelers from across the Asia Pacific region on their travel
spending habits and found that Korean and Chinese travelers spent
the most on duty free items on their last trip with an average
expenditure of US$358 and US$333 respectively. This was US$100 more than the regional
average.
Brian McGrory, Regional Head, Debit Products, Visa, said,
“Duty free shopping can offer great savings on international
brands as well as products that are exclusive to duty free
shoppers so it is no surprise that the Chinese and Koreans,
renowned brand lovers in the region, are snapping up duty free
bargains.”
Reinforcing the appeal of duty free
savings, 43% of all respondents said they shopped at a duty free
store during their last overseas trip. Travelers from Japan (73%), Korea (71%) and China (49%) were the
region’s most frequent duty free shoppers while Korean and
Chinese travelers also made it to the biggest spender list.
When it comes to paying for duty free purchases, credit cards were
the most popular form of payment for Australians and New
Zealanders (59% respectively), followed by the Koreans
(56%) who are the region’s biggest spenders.
During their last trip abroad,
leisure travelers said they picked up a higher average tab
(US$219) at duty free shops compared with business travelers
(US$179). When asked where they made their duty free purchases,
leisure travelers said they did most of their duty free shopping
at the airport (84%) while business travelers preferred
downtown duty free shops (67%).
Younger travelers were
the most likely to stretch their travel budget with duty free
purchases – 47% of 18 to 29 year old travelers said they
bought duty free on their last trip while 42% of 40
years and above said they made such purchases.
Top Duty Free
Spenders
Korea US$358 China US$333 Hong Kong
US$224 Malaysia US$195 India US$180 Thailand US$178 Japan
US$164
Australia US$153 Singapore US$153 New Zealand US$134 Taiwan
US$125
Regional Average = US$212
The survey interviewed departing or
arriving visitors/transit passengers (aged 18 years and
above, trip length was at least 48 hours) at Singapore
Changi Airport. A total of 2,226 respondents were
interviewed from Australia, New Zealand, Korea, Japan,
India, Singapore, Malaysia, Thailand, China, Hong Kong
and Taiwan.
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