Consumers are evolving the way they spend their time and money and showing a willingness for future travel, safe dining options, and socially distanced leisure activities
New research of consumers surveyed across the US, UK, Australia, Japan, Mexico and Canada are evolving the way they spend their time and money and that they’re showing a willingness for future travel, safe dining options, socially distanced leisure activities, and more.
The findings of the Amex Trendex, a new trend report from American Express that tracks how consumers, small businesses, and merchants are feeling about spending, saving and travelling, shows that even as countries are facing challenges with continued travel restrictions, consumers around the globe still have a strong desire to travel in the future.
While the majority of consumers surveyed feel more comfortable travelling domestically over internationally in the next three months, many indicate a desire to get on the move and are planning to make a big purchase on travel in the next month.
In Japan, 57% of adults plan to spend JPY150,000+ and in Canada 49% of adults in Canada plan to spend CAD$800+. Meanwhile, 36% of adults in the UK plan to spend GBP800+, 34% of adults in the US plan to spend USD800+ and 30% of adults in Mexico plan to spend US $800+.
The UK has the largest sentiment to travel domestically with more than two thirds (69%) of travellers likely to travel domestically in the next three months. This compares with less than half in Mexico (47%), Japan (45%), the US (40%) and Canada (40%). The UK also sees the highest level likely to travel internationally over that three month period, but at the much reduced level of just 25%. This compares with 21% in Japan, 20% in Mexico, 12% in the US and 9% in Canada.
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