Singapore leads on Asia Top Online Travel Spending

A latest study by Visa has shown thta Singapore lead the top 10 on the online travel related spending. According to the survey, online shoppers from Singapore (US$4,018), Hong Kong (US$3,791) and India (US$3,442) reported to have spent the most in the 12 months ended December 2008.

The survey said the highest areas of spending in the past 12 months were airline/airline tickets (US$970), online travel agents (US$647) and travel accommodation (US$527).

Mohamad Hafidz, regional head e-commerce Asia Pacific for Visa said: “Our survey shows that online shopping appears to be resilient in the uncertain economy. The ability to browse a wide range of retail offerings to compare prices and seek cheaper buys on the internet seems to be leading budget conscious consumers to shop online.”

The survey also mentioned that the cross-border transactions over the internet have risen in all the countries and territories surveyed. According to the average spend per transaction as reported by respondents taking the survey, cross-border online spending rose by nearly 40 percent – from US$263 in Q3 2008 to US$368 in Q4 2008. On average, respondents said they spent US$316 in the past 12 months on cross-border transactions. Respondents from Japan (US$517) said they spent the most on cross-border purchases, followed by Singapore (US$372) and India (US$350).

For more info about the survey, you can read it here “Consumer e-Commerce Spending in Asia Pacific Set to Hold Steady“