US$ 2,550
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) |
China | CNY 180,000+ |
India | INR 12,00,000+ |
Singapore | SGD 100,000+ |
Hong Kong | HKD 720,000+ |
Malaysia | MYR 100,000+ |
South Korea | KRW 78 million+ |
Taiwan | TWD 960,000+ |
Japan | JPY 10 million+ |
IN THIS REPORT