Post by account_disabled on Dec 27, 2023 12:34:24 GMT -8
Visa Consulting & Analytics has surveyed Thai consumers' spending behavior during six major Thai holidays in 2019. Visa, the world's leading digital payments provider Recently, the results of a survey on Thai consumers' spending during the holiday season were revealed last year. Christmas Day is the champion with the biggest spenders, accounting for 30 percent of total spending during all holidays, including His Majesty the King's birthday. Bhumibol Adulyadej the Great, Borommanat Bophit (Father's Day), New Year's Eve, Chulalongkorn Day, Chinese New Year, and Songkran Day. This Visa study[1] is an analysis of data collected by VisaNet, one of the world's largest e-commerce networks. To better understand Thai consumers' holiday spending behavior. This information will be used to develop innovations and payment options. and expand cooperation with Visa partners in a variety of industries. Suripong Tantiyanon Visa Manager said: “At Visa, we never stop innovating in payments to create added value for our partners and consumers. One of the methods we use is to study and analyze the large amount of data available on VisaNet's global network. In a method that is ethical and has the utmost safety. Visa's team of payment consultants analyzed holiday spending data to gain valuable insights into the business performance of Visa partners and the industry. To progress Including expanding the acceptance of digital payments in Thailand as well." Top six holidays in Thailand Measured by overall spending The most popular holidays based on overall spending
include Christmas (30 percent), Father's Day (16 percent), New Year's Eve (15 percent), Chulalongkorn Day (15 percent), Chinese New Year (13 percent). ) and Songkran Day (11 percent) On average, the highest amount spent per financial transaction is Christmas Day (4,949 baht), followed by Chinese New Year (2,773 baht), Chulalongkorn Day (2,742 baht), Father's Day (2,517), New Year's Eve (2,492 baht) and Songkran Day. (2,137 baht) In what ways do Thai people spend their money?: Top ten types of spending in the country[2] Because Thai holidays are considered opportunities for socializing. Including traveling to visit family. It's no surprise then that the top two places to spend are supermarkets and gas stations. Each of which accounts for 26 percent of total spending. In addition, other spending types The top places WhatsApp Number List Thais spend during the holidays are restaurants (15 percent), department stores (11 percent), retail stores (10 percent), telecommunications and utilities (8 percent), and apparel and accessories (7 percent). discount stores (6 percent), fast food restaurants (6 percent) and specialty services (5 percent) Popular country for Thai people for traveling and spending Many Thai consumers also use the holiday period to travel abroad. The top ten travel destinations based on spending over the six-day holiday were: Japan (25 percent), United Kingdom (8 percent), South Korea (7 percent), United States (6 percent), France (5 percent), Singapore. Hong Kong, Switzerland and Italy (4 percent), and Taiwan (3 percent).
Thai people's spending abroad has the highest average amount per transaction. Based on data on average spending abroad of Visa customers. Thai people spend the most per transaction in Switzerland (14,240 baht), followed by France (13,444 baht), Italy (13,356 baht), Hong Kong (8,393 baht), United Kingdom (8,014), Japan (5,961 baht), Singapore ( 5,778 baht), Taiwan (5,333 baht), South Korea (4,486 baht) and the United States (4,445 baht). “Thai Visa cardholders will benefit from electronic payments. that is fast, convenient, and safe no matter where you are Or at what time? In addition, we sincerely hope that the information obtained from this study will be useful to all sectors, including the financial sector. and other industries where electronic payment systems enhance operational efficiency and differentiation. And above all else We will continue to cooperate with all agencies to elevate Thailand to a cashless society that everyone can access in the future,” Mr. Suripong concluded. 1 Visa Holiday Spending Survey Covers six Thai public holidays: Chinese New Year (5 February), Songkran Day (13 April), Chulalongkorn Day (23 October), Father's Day (5 December), Christmas Day (25 December) and New Year's Eve (31 December). ) Data used by VisaNet to analyze and collect during the said festival in 2019. 2 "Retail merchandise" includes purchases made at department stores that sell general retail merchandise, such as jewelry and cosmetics, but does not include discount stores. and shops selling clothing and accessories "Discount Store" includes purchases through e-commerce channels. "Special services" include LTF fund purchase transactions and cash advance loans. About the business analysis and consulting agency
include Christmas (30 percent), Father's Day (16 percent), New Year's Eve (15 percent), Chulalongkorn Day (15 percent), Chinese New Year (13 percent). ) and Songkran Day (11 percent) On average, the highest amount spent per financial transaction is Christmas Day (4,949 baht), followed by Chinese New Year (2,773 baht), Chulalongkorn Day (2,742 baht), Father's Day (2,517), New Year's Eve (2,492 baht) and Songkran Day. (2,137 baht) In what ways do Thai people spend their money?: Top ten types of spending in the country[2] Because Thai holidays are considered opportunities for socializing. Including traveling to visit family. It's no surprise then that the top two places to spend are supermarkets and gas stations. Each of which accounts for 26 percent of total spending. In addition, other spending types The top places WhatsApp Number List Thais spend during the holidays are restaurants (15 percent), department stores (11 percent), retail stores (10 percent), telecommunications and utilities (8 percent), and apparel and accessories (7 percent). discount stores (6 percent), fast food restaurants (6 percent) and specialty services (5 percent) Popular country for Thai people for traveling and spending Many Thai consumers also use the holiday period to travel abroad. The top ten travel destinations based on spending over the six-day holiday were: Japan (25 percent), United Kingdom (8 percent), South Korea (7 percent), United States (6 percent), France (5 percent), Singapore. Hong Kong, Switzerland and Italy (4 percent), and Taiwan (3 percent).
Thai people's spending abroad has the highest average amount per transaction. Based on data on average spending abroad of Visa customers. Thai people spend the most per transaction in Switzerland (14,240 baht), followed by France (13,444 baht), Italy (13,356 baht), Hong Kong (8,393 baht), United Kingdom (8,014), Japan (5,961 baht), Singapore ( 5,778 baht), Taiwan (5,333 baht), South Korea (4,486 baht) and the United States (4,445 baht). “Thai Visa cardholders will benefit from electronic payments. that is fast, convenient, and safe no matter where you are Or at what time? In addition, we sincerely hope that the information obtained from this study will be useful to all sectors, including the financial sector. and other industries where electronic payment systems enhance operational efficiency and differentiation. And above all else We will continue to cooperate with all agencies to elevate Thailand to a cashless society that everyone can access in the future,” Mr. Suripong concluded. 1 Visa Holiday Spending Survey Covers six Thai public holidays: Chinese New Year (5 February), Songkran Day (13 April), Chulalongkorn Day (23 October), Father's Day (5 December), Christmas Day (25 December) and New Year's Eve (31 December). ) Data used by VisaNet to analyze and collect during the said festival in 2019. 2 "Retail merchandise" includes purchases made at department stores that sell general retail merchandise, such as jewelry and cosmetics, but does not include discount stores. and shops selling clothing and accessories "Discount Store" includes purchases through e-commerce channels. "Special services" include LTF fund purchase transactions and cash advance loans. About the business analysis and consulting agency