Wednesday, December 8, 2010

Korean Travelers: Top Duty Free Spenders

According to The Visa Travel Smart Survey, Korean travellers spent the most on duty free items on their last trip with an average expenditure of US$358.

Top Duty Free Spenders

Korea - US$ 358

China - US$ 333

Hong Kong - US$ 224

Malaysia - US$ 195

India - US$ 180

Thailand - US$ 178

Japan - US$ 164

Australia - US$ 153

Singapore - US$ 153

New Zealand - US$ 134

Taiwan - US$ 125

Regional Average - US$ 21

Travelers from Japan (73 percent), Korea (71 percent) and China (49 percent) were the region’s most frequent duty free shoppers. For duty free purchases credit cards were most popular with Australians and New Zealanders (59 percent respectively), followed by Koreans (56 percent). The other findings were : leisure travelers did most of their duty free shopping at the airport (84 percent) while business travelers preferred downtown duty free shops (67 percent);young travelers(18 – 29 year olds) were the most likely to stretch their travel budget with duty free purchases.

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