PRN: Asian's Appetite for Travel Remains Strong and Becomes Sophisticated

07/feb/2017 16:14:23 PR Newswire Turismo Contatta l'autore

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Asian's Appetite for Travel Remains Strong and Becomes Sophisticated

 
[07-February-2017]
 

SHANGHAI, February 7, 2017 /PRNewswire/ --

The 2017 Travelzoo® Travel Trends Report* released today by global travel deals publisher Travelzoo (NASDAQ: TZOO) reveals that, despite a turbulent 2016, Asian tourists plan to travel abroad more and spend more time on in-depth exploration trips to safe destinations in 2017.

     (Logo: http://photos.prnewswire.com/prnh/20160303/340128LOGO ) 

Asian Travelers Plan to Travel More in 2017 

When asked about 2017 travel, 70% of Chinese respondents say they will travel abroad two times or more-an increase by almost 10% compared to the same period last year. Nearly 30% of respondents in Hong Kong plan to travel four times or more in 2017, which is an increase of 5% over the same period last year.

"Despite the upheavals of 2016, we see a clearly increased level of travel interest from Asian tourists," says Vivian Hong, President of Travelzoo Asia Pacific, "thanks to Asia's ascendancy in the global economy, consumer confidence in Asia remains strong and it's reflected in the travel industry. This is especially the case for China. China is witnessing a generation of millennials that is becoming the dominant force in leading the travel wave. Most of them are married and have children now. They love to spend more of their disposable income on a sunny beach holiday with their family."

In the past 12 months, there has been an increase of 10% in Chinese tourists taking two or more holidays. The number of Chinese tourists who are willing to spend more than RMB 14,000 on traveling has also increased nearly 10% compared to last year. 11% more respondents would spend more than RMB 600 per night on a hotel this year. The number of Chinese tourists who prefer budget hotels has decreased nearly 5%, while the number of those who prefer high-end global hotel groups almost tripled.

More In-depth Explorations within Asia Pacific 

This year, the Travelzoo Travel Trends survey findings show that destinations within the Asia Pacific region are notably more attractive to Asian tourists. Japan continues to top all other destinations. It is the country Asian travelers most want to visit based on a unanimous vote from China, Hong Kong, Taiwan and Singapore. Australia is also on Asian travelers' minds, being one of the top 10 destinations in every Asian country/region and being the second favorite destination for Chinese and Singaporean travelers.

Survey findings found that for Chinese travelers, Japan and Australia are the No. 1 and No. 2 destinations they would like to explore in-depth. More than 22% of Chinese respondents who plan to visit Japan are, in fact, repeat visitors.

"Asian travelers are becoming much more sophisticated," adds Vivian Hong, "they used to travel primarily for fast-paced sightseeing and luxury shopping. In the past few years, we saw a rapidly growing number of Asian tourists who prefer a more personal and in-depth travel experience. They value natural explorations and cultural experiences the most when they travel in-depth, for which Australia and Japan are perfect destinations."

Safety is a Major Travel Planning Concern 

For the first time, none of the Western European destinations was voted for the top 5 destinations by all Asian countries/regions. Nearly 65% of Chinese respondents chose "safer" as one of their reasons behind voting for Australia, while 50% chose the same reason as part of why they voted for Japan.

"Concerns about safety from terrorist attacks weigh in heavily on Asian tourists' travel decision-making," comments Vivian Hong, "nearly 80% of them travel with family so they are very mindful of the security measures. As a result, destinations within the Asia Pacific region, such as Japan and Australia, offer a compelling alternative."

About the research 

*The Travelzoo annual 2017 Travel Trends Survey was conducted using an online questionnaire completed by 7,683 Travelzoo members in China, Japan, Hong Kong, Taiwan, and Singapore in December 2016.

About Travelzoo 

Travelzoo® provides our 28 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. With more than 25 offices worldwide, we have our pulse on outstanding travel, entertainment, and lifestyle experiences. For over 15 years, we have worked in partnership with more than 2,000 top travel vendors-our long-standing relationships allow us access to the very best deals.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, o! bjectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Travelzoo
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Media contact:
Xu Lin
+86-(0)-216-056-1056
xlin@travelzoo.com


Company Codes: NASDAQ-NMS:TZOO, Bloomberg:TZOO@US, ISIN:US89421Q1067
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