The Most Preferred Overseas Travel Destination is 'Japan'... Unwavering No. 1

Visa, Domestic Consumer Trend Survey
Travel Expenses Most Commonly Between 500,000 and 1,000,000 Won

Global payment technology company Visa announced the results of an overseas travel trend survey conducted on June 2-3, targeting 1,000 adults aged 18 and over nationwide, on the 3rd.

According to the survey, 55.1% of respondents said they plan to travel abroad within one year. This is an increase of 8.7 percentage points from last year's response rate (46.4%) to the same question. This appears to be due to the explosive demand for overseas travel, which had been suppressed as quarantine regulations and entry procedures were significantly eased.

Photo by Pixabay [Image source=Pixabay]

Among respondents who said they plan to travel abroad within one year, 60.8% answered that they would spend more than 1 million KRW on travel expenses.

By spending range, the order was 500,000 to 1 million KRW (29.8%), 1 million to 2 million KRW (26%), 2 million to 3 million KRW (16.4%), and less than 500,000 KRW (9.4%).

The most preferred payment method for overseas travel was credit card (77.7%), followed by local currency (61.6%), and mobile pay (18.8%). This contrasts with last year when local currency (73%) had a higher response rate than credit cards (62%).

Visa stated, "This is interpreted as an increased preference for cashless payments after COVID-19," and predicted, "As credit card usage becomes more common, cash usage at overseas travel destinations is expected to gradually decrease."

The most preferred travel destinations were Japan (26.7%), Australia (12.9%), and Vietnam (6.3%). It is also notable that Australia, which was not in the top 10 last year, ranked second. Thailand (5.4%), the United States (4.8%), Hawaii (4.5%), and Singapore (2.8%) followed.

Japan was surveyed as the most preferred travel destination by domestic consumers both last year and this year, with the response rate increasing compared to last year (20.5%).

Patrick Story, President of Visa Korea, said, "This survey confirmed that domestic consumers' interest and demand for overseas travel are increasing."

This content was produced with the assistance of AI translation services.