Visa Global Travel Intentions Study reveals consumer sentiment and cash concerns
The Visa Global Travel Intentions Study, which highlights emerging trends in consumer behaviours and preferences for outbound cross-border travel, is based on a survey of UAE residents aged between 18 and 55 who travelled overseas for leisure in the past year and intend to travel again this year.
Surveyed UAE travellers took an average of two international trips of around 10 days in the last 12 months.
The study shows a significant surge in travel activity with no signs of slowing, even amid rising travel costs. Despite 77% of UAE travellers noting increased travel expenses, only 3% would consider postponing or cancelling their trips, indicating robust enthusiasm for travel. Cash concerns ahead of trips including fears over whether chosen card would be accepted (29%), the cost of currency conversion at the destination (26%) and ATM withdrawal costs (24%).
The study also shows that 4 in 10 (40%) travellers are willing to pay a higher price to enjoy the flexibility of accommodating changes in their trip plans.
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More than half surveyed travellers (61%) prefer independent travel over packaged tours as it provides greater flexibility and control over their travel arrangements in case of last-minute changes.
Travellers prioritise trips for relaxation (58%), followed by the need to meet family and friends (42%), exploring something new (33%) and seeking adventures (33%), and India, Egypt and Saudi Arabia have been the top destinations for travel in the last 12 months.
Visa vice president and country manager for the UAE Salima Gutieva said: “The latest Visa Global Travel Intentions Study reflects the UAE’s robust travel sector and a strong shift towards digital payments, signalling a surge in consumer confidence.
"UAE travellers increasingly seek to enhance their travel experience, which they can do by taking advantage of Visa’s privileges and discounted offers. We are dedicated to using these insights to meet the changing needs of global travellers with secure, convenient, and innovative payment solutions.”
For more information, visit www.ae.visamiddleeast.com
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