A new study on affluent Chinese female travellers revealed at ILTM
Asia 2024 shows a shift towards unique experiences and niche
destinations. The research, conducted by FINN Partners in association
with ILTM Asia Pacific, surveyed 800 affluent Chinese female travellers
across 12 major Chinese cities.
The trend of women as primary travel decision-makers is set to
intensify. The research found that 82% of respondents consider their own
opinions as the most influential in travel planning, with partners
(60%) and friends (41%) playing secondary roles.
Affluent Chinese female travellers, bolstered by financial
independence and an increasing appetite for solo adventures, are poised
to make even more individualised and self-expressive travel choices.
This shift reflects their growing influence in shaping travel plans and
experiences.
The study surveyed 800 affluent Chinese female travellers aged 25 and
above, with 74% reporting an annual personal income of over US$96,000
and 71% having personal assets exceeding US$700,000. All respondents
stay in five-star hotels and fly first- or business-class at least half
the time when travelling.
/Jenny_at_ILTM_2024-06/FINN-Partners%27-Jenny-Lo-speaking-at-ILTM-Asia-2024.jpeg?n=3476&tr=w-600%2Ch-340%2Cfo-auto)
FINN Partners' Jenny Lo speaking at ILTM Asia 2024 opening ceremony. Photo Credit: Cheryl Teo
Rise of solo travel
Solo travel is gaining popularity, with 72% of respondents stating
they will maintain or increase solo travel in the future. However,
family travel remains important, with over 60% expecting to increase or
maintain the number of family trips.
Independent decision making
The research shows that 82% of these travellers consider their own
opinions as the most influential in travel planning. Partners (60%) and
friends (41%) play secondary roles in decision-making.
Expanding travel horizons
Affluent Chinese female travellers are increasingly interested in
venturing further from home. Regions like Australia and New Zealand
(+35%), Korea and Japan (+22%), Europe (+30%), and North America (+14%)
are seeing increased interest compared to the previous year.
Desire for authentic experiences
The study reveals a strong desire for authentic local experiences,
with 51% of respondents seeking experiences that go beyond tourist
hotspots. Additionally, 48% prefer semi-structured trips with flexible,
customisable itineraries.
Appeal of niche destinations
Niche destinations are gaining appeal, with 89% of respondents
attracted by their natural beauty and 66% by unique local experiences.
However, popular destinations still attract due to safety and security
(77%) and ease of access (67%).
Evolving hotel preferences
These travellers are looking beyond star ratings for hotels. Top
preferences include collaborations with fashion, design, or lifestyle
brands for themed accommodations (45%), enhanced room amenities (44%),
and integration of local or cultural features in the property (43%).
Role of travel agents
Travel agents are valued for providing assurance and resolving
uncertainties. The top expectations from travel advisors include better
support for changes or flexibility in itinerary (50%) and confidence in
getting the most value out of the trip (33%).
“This research provides valuable insights into the evolving
preferences of affluent Chinese female travellers,” said Jenny Lo,
managing partner, China, FINN Partners. “The shift towards unique
experiences and niche destinations presents both opportunities and
challenges for the luxury travel industry."