In February 2021, a survey by Expedia showed that Singapore is the most vacation-deprived country in the world. So when we did a global survey around travel attitudes two weeks ago, let's just say we were hardly surprised by what we found.
Staycation or further? 🛫
Given a choice between going overseas or taking a staycation in the next few months, 55% of respondents in Singapore chose the former. 11%, however, indicated that they still don’t feel comfortable doing either due to the pandemic.
Safety is an important consideration 🚗
47% of Singaporeans said they will use a car or another private means of transportation to limit the risks of Covid-19 infection while moving about their holiday destinations this year. 10% of respondents stated they will use public transportation with no worries about getting infected.
With regards to payment methods, 61% (the highest amongst all countries surveyed) stated that they will prefer to use a phone or card to make payments so that they can avoid touching cash.
On the personal safety side, 70% expressed that a good healthcare system is a crucial consideration when it comes to choosing their travel destination. Only 5% admitted they won’t be considering this factor before booking a trip.
Immunity Passport is a must 💉
Singaporeans seem to be the most hopeful about obtaining an Immunity Passport with 88% of respondents saying they hope to get theirs very soon. Italians come in second at 75%. 82% of respondents said that it is a good tool to allow people to travel safely. It seems Singaporeans regard an immunity passport as a “new normal” in travel - only 5% believed it will discriminate against those who don’t possess one, the lowest amongst all countries surveyed .
Hotels and longer holidays are the favourite options 📆
A hotel that follows safety requirements is the favourite choice for 64% of Singaporeans, followed by 16% who said they will choose to stay at a family or friend’s house out of convenience or peace of mind during the pandemic.
As a possible consequence of travel restrictions, almost one-third of respondents said they plan to travel a number of times for shorter stays or long weekends. However, wanderlust remains strong in over 40% who said they still plan to take one or more long holidays. Only 11% of respondents plan to travel only once in the next few months.
Lock in favourable FX rates for popular destinations 💴
While we wait out for the right time to travel, consider locking in favourable FX rates using your Revolut app today. Trigger an automatic order so the app exchanges your SG dollars for another currency when it reaches a certain price.
You can even set an alert and have the app let you know once a currency hits a desired rate, e.g. when 1 HKD = 0.017 SGD.
You can also hold selected currencies (e.g. USD, EUR, JPY) in your app so you can withdraw them from overseas ATMs with no hidden fees. Better yet, when you're at your destination, choose the wallet holding the local currency and make payments with your Revolut card.
And until we can go on that long awaited vacation, keep healthy and stay safe!
[Note to reader: Links within the post work only on mobile as they will take you straight to a specific function within the Revolut app]
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