4 favourite destinations for leisure tourism in Asia Pacific: Mastercard survey

4 favourite destinations for leisure tourism in Asia Pacific: Mastercard survey

Michelle Zhu
20/06/18, 12:36 pm

SINGAPORE (June 20): Mastercard has released findings from its 2018 Global Destination Cities Index (GDCI): Play study, which measures international destinations with the highest concentration of visitors traveling for relaxation and leisure, instead of business.

Among the survey’s results were the top cities in Asia Pacific where over 90% of overnight visitor travel in 2017 was for purposes beyond business, such as for vacations or family visits.

Bali, Indonesia, tops Mastercard’s regional list, with 96.7% of study participants traveling to the city for leisure purposes. This is followed by Phuket in Thailand, Kuala Lumpur in Malaysia, and Osaka, Japan, at 93%, 92.2%, and 90.8% respectively.

In a Wednesday release, the global payments company highlights these cities as destinations with unique cultures, but with a common focus on relaxation and fun.

It also credits the phenomenon of international travel’s “incredible growth rate” to factors such as affordable air fares and higher living standards, which in turn helps to transform local economies and enable people to broaden their horizons.

Additional insights from the 2018 Mastercard Global Destination Cities Index will be released later this year, says Mastercard.

Right timing: Temporary pause as STI consolidates gains

SINGAPORE (Feb 22): The recovery by the Straits Times Index that started towards mid-January is likely to continue despite short term hiccups. Quarterly momentum is in rising mode, the 50- and 100-day moving averages are positively placed, and the index remains above its 200-day moving average. ADX is rising and the DIs are positively placed. Interestingly annual momentum has stabilised and could attempt to recover. Prices could ease as short term stochastics approaches the top end of its range and turns down. This may cause a temporary retreat. Support is at the breakout level of 3,19....

UOB is RHB's top pick when it comes to local banks

SINGAPORE (Feb 22): United Overseas Bank is the top pick for Singapore banks, says RHB Research which believes the share price weakness after the results release offers a good entry point. UOB has also declared a final dividend of 50 cents per share and special dividend of 20 cents per share. FY2018 total dividend of $1.20 gives an attractive yield of 4.6%. Rising 18% y-o-y, UOB’s FY2018 earnings of $4.01 billion came in line with RHB’s forecast of $4.16 billion and consensus’ forecast of $4.05 billion. For FY2019, management has guided for net interest margin (NIM) to be flatti....

Pioneer, Merdeka... Next, a Majulah Generation package?

SINGAPORE (Feb 22): Hot on the heels of a $9 billion Pioneer Generation package announced in Budget 2014, the $8 billion Merdeka Generation package is setting up expectations of similar packages for every generation of ageing Singaporeans. Notably, both are geared towards healthcare and broadly available to an entire generation of Singaporeans. Already, analysts are expecting at least one more package to follow. “I suppose when there is only one dot, one can’t extrapolate, but with two dots you can,” says Tan Ern Ser, a sociologist at the National University of Singapore (NUS). ....