Departure hall at Changi Airport, Terminal 3
DESPITE a softening global economy, Singaporeans indicated that they are still willing to spend more on travel, according to a study by Wyndham Hotel Group’s loyalty division, Wyndham Rewards.
While 68 per cent stated that they are becoming increasingly cost-conscious in their personal finances this year, 81 per cent indicated that they will still travel about the same or more than the previous year.
Another 36 per cent were also willing to spend half of their discretionary spending budget or more on travel.
Additionally, the survey found 44 per cent of respondents were planning for big trips and about a third were intending to travel domestically or around the region in 2016.
As well, the findings show that travellers prefer midscale hotels followed by economy ones when choosing accommodations.
