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Asia Pacific people plan to spend on recreation
Source: Agencies |
December 15, 2009, Tuesday
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Print Edition
Print Edition
EAT, drink and be merry - and join the majority of people in the Middle East, Africa and Asia Pacific who, a new survey shows, intend to keep on enjoying the good life in the coming year.
Dining and entertainment were the top areas most of the 10,623 people surveyed across the Asia Pacific and the Middle East said they were going to keep spending on over the next six months - regardless of the global economic climate.
It was also one of the top three spending priorities for Africa respondents, according to a MasterCard survey that canvassed 24 markets spanning these regions.
The survey showed 16 of the 24 markets ranked having fun and a meal out as their top discretionary, or non-essential, spending priority, a figure that includes many Chinese, Australians, Indians, Thais and Egyptians.
"The latest findings are positive for a stronger outlook of domestic consumption in 2010, and barring any unexpected shocks to the economy, we expect private consumption to continue to grow," Yuwa Hedrick-Wong, Asia Pacific adviser for MasterCard Worldwide, said in a statement.
A previous Mastercard survey had ranked dining and entertainment as the top spend for this year in the same regions, despite the global economic downturn.
The latest poll showed consumers also determined to keep on buying fashion and accessories, another top discretionary spend, over the next six months.
The majority of Africans surveyed said they intend to buy or renovate their homes during the next six months, making that the top consumer priority in that region.
However, discretionary spend was also one of the top priorities for Indians, whose economy has been growing despite the global financial crisis.
The poll was conducted in October and November.
Dining and entertainment were the top areas most of the 10,623 people surveyed across the Asia Pacific and the Middle East said they were going to keep spending on over the next six months - regardless of the global economic climate.
It was also one of the top three spending priorities for Africa respondents, according to a MasterCard survey that canvassed 24 markets spanning these regions.
The survey showed 16 of the 24 markets ranked having fun and a meal out as their top discretionary, or non-essential, spending priority, a figure that includes many Chinese, Australians, Indians, Thais and Egyptians.
"The latest findings are positive for a stronger outlook of domestic consumption in 2010, and barring any unexpected shocks to the economy, we expect private consumption to continue to grow," Yuwa Hedrick-Wong, Asia Pacific adviser for MasterCard Worldwide, said in a statement.
A previous Mastercard survey had ranked dining and entertainment as the top spend for this year in the same regions, despite the global economic downturn.
The latest poll showed consumers also determined to keep on buying fashion and accessories, another top discretionary spend, over the next six months.
The majority of Africans surveyed said they intend to buy or renovate their homes during the next six months, making that the top consumer priority in that region.
However, discretionary spend was also one of the top priorities for Indians, whose economy has been growing despite the global financial crisis.
The poll was conducted in October and November.
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