Driven by income growth, the Asian Millennials’ expenditure on international travel is expected to increase by 1.6 times to US$340 billion by 2020. Southeast Asia’s dynamic economies, powered by a rising middle class, are strengthening in and outbound travel throughout the region.
This report is based on findings from the Affluent Insights™ Luxury Travel Surveys:
- Fielded online in May/June 2015.
- Covers eight Asian markets: China, India, Hong Kong, Singapore, Malaysia South Korea, Taiwan, Japan.
- Over 2,900 respondents (350+/market). All respondents defined as affluent with annual household incomes as per the table on the right, and have traveled in the past 12 months.
|Countries||Affluent Definition (HHI/a)
|Hong Kong||HKD 720,000+|
|South Korea||KRW 78 million+|
|Japan||JPY 10 million+|
IN THIS REPORT