There's one thing that's certain in any economy: travel never goes out of style. While varying economic climates have put a damper on many travel plans, in Asia it seems price isn't a concern - at least that's according to a new survey out from CNN.
A global study from CNN reported that 38 percent of travelers are likely to increase their travel spending in 2013. The survey also found that price and safety are the top deciding factors when purchasing a trip.
The results are from "Consumer Connect - Travel and Tourism 2013", a look at consumer travel trends, perceptions and behavior on CNN websites. It polled more than 3,000 consumers in over 70 countries around the world who spend an average of $3,000 USD on a vacation.
Here are some of the key results:
- 65% of Asia-Pacific travelers say "price" is important
- 64% are "safety and security" driven
- 57% are driven by "reputation"
- Australia, Thailand and Hong Kong are among the top travel choices
in Asia Pacific
- 51% of respondents have Asia Pacific destinations in mind for travel
in the next 12 months
- 58% have booked entire holidays online
What's this mean for hotels and travel companies? It's all good news.
Asia is still one of the hottest travel markets in the world, and withso many new hotels opening throughout Asia-Pacific, there's plenty of rooms to go around.This is strictly an exclusive feature, reprints of this article in any shape or form without prior written approval from 4Hoteliers.com is not permitted.
Melanie Nayer is a hotel reviewer and expert on luxury travel around the world. She has covered all aspects of hotels including corporate restructures, re-branding initiatives, historical aspects and the best of the best in luxury hotels around the world.
Melanie writes a weekly exclusive column for 4Hoteliers.com