Singaporeans love to shop overseas
In this article (5)
Never mind that Singapore is renowned globally as a shopping destination.
Singaporeans want to shop elsewhere.
A survey by insurance company AIG conducted back in April found 36 per cent of the 1205 polled go on holiday solely to shop.
When they take a holiday for retail therapy, Singaporeans spend an average of S$336 a day.
The three most popular overseas shopping destinations are Bangkok, Hong Kong and Taiwan.
AIG says it had received 7500 insurance claims between November 2014 and October 2015 for baggage lost on trips home from – in order – Thailand, Taiwan and Hong Kong.
The insurer says people should keep receipts or photographs of their overseas purchases to ensure a smooth claims process.
Other reasons for non-business travel by Singaporeans rated far lower than retail therapy, including a weekend getaway (21 per cent), to see somewhere exotic (12 per cent) or to indulge in a luxury break (four per cent).
Questions & Answers
Q.Which overseas destinations are most popular for Singaporean shoppers?
Which overseas destinations are most popular for Singaporean shoppers?
The three most popular overseas shopping destinations for Singaporeans are Bangkok, Hong Kong, and Taiwan. These locations attract a significant number of shoppers seeking retail therapy during their holidays abroad.
Q.What percentage of Singaporeans holiday solely for shopping?
What percentage of Singaporeans holiday solely for shopping?
A survey conducted by AIG in April found that 36 per cent of the 1205 people polled go on holiday solely for shopping purposes. This indicates a strong preference for retail-focused travel among Singaporeans.
Q.What is the average daily expenditure for Singaporeans on overseas shopping trips?
What is the average daily expenditure for Singaporeans on overseas shopping trips?
Singaporeans spend an average of S$336 per day when they take a holiday specifically for retail therapy. This figure highlights the significant financial commitment to shopping during their overseas trips.
Q.What advice does AIG give for making insurance claims on overseas purchases?
What advice does AIG give for making insurance claims on overseas purchases?
AIG advises customers to keep receipts or photographs of their overseas purchases. This practice helps to ensure a smoother claims process should baggage be lost on trips home, particularly from popular destinations.
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