Asian travellers have bigger travel budgets this CNY

Asian travellers have bigger travel budgets this CNY
A women walks under traditional Chinese lanterns decorated at the Thean Hou temple ahead of Lunar New Year of the monkey celebrations in Kuala Lumpur. The Chinese form only 22 per cent of Malaysia's population, and their falling birth rate will mean a smaller political voice.

Chinese New Year (CNY) is a special time for many families and when it comes to travelling during this period, reported that their users are not holding back when it comes to holiday budget.

This year, Wego saw a "much higher" than average booking values for flights and hotels on their travel search engine site.

For popular destinations like Hong Kong, there was around 10 per cent jump in hotels and flights bookings, while those made in Taiwan and Malaysia were up by eight per cent.

From their report, it seems Wego users are willing to pay as much as 20 per cent more on hotels.

Close to 80 per cent of travellers chose their stays based on location and up to 70 per cent cited good Internet connection as an important factor in the decision-making process.

For flights, there was only a "slight increase" as over 70 per cent of travellers opted for cheap airfares.

Mr James Huang, market development manager of North Asia, said that travellers are expecting more from hotels in terms of service and have the spending power to support their selections.

"We saw an increase in spontaneous booking trends last year for Chinese New Year travel on compared to 2014," added Mr Huang.

Based on observations, this booking trend also extends to other Asian countries which celebrate Chinese New Year, such as Malaysia and Singapore.

Indonesia has the shortest booking time frame with an average of 40 days between the booking dates and travel period, he shared.

He attributed spontaneous travel in Indonesia to the wide network of low-cost carriers there.

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