As the global economy has started showing signs of repair and recovery after the challenges of the last few years, hardworking families and individuals have started reclaiming their financial stability, and consumer spending is on the up and up. The breaks we’ve been cautious to take have started to slowly (but surely) climb their way up the priority list as much needed opportunities for rest and relaxation from the daily grind.
According to a survey, consumers around the world want to take a break – and 60% say they plan to in the coming year by spending the same amount or more than they have in the last year. More than half of Chinese and Singaporeans along with one third of New Zealanders and Australians are planning on spending more this year on travelling then they did last year. Meanwhile, the Japanese and our own fellow Americans said they were looking to cut back spending on vacation budgets.
One thing is certain, no matter where you live in the world, vacationing is never far from your thoughts. About 90 percent of the people surveyed agree that visiting another locale versus staying home is imperative, even when money is tight.
This survey, conducted by SSI (Survey Sampling International), was the result of 5,000+ adult participants from all over the world. The outcome is based on vacations planned that are longer than four days. Americans and Japanese are more likely to skip vacations this year that consist of four or more days of travel. While most other vacationers, about 82 percent, plan on taking domestic trips. Chances are that this will result in less spend, but there are still a few countries that look forward to international excursions which will likely result in higher spending. The survey showed over half of Singaporeans, Germans, British and Chinese are all preparing for trips that will take them outside of their own country.
No matter which destination you chose to visit for vacation, or for how much, the point is to have a good time.