Sabre Corporation, in collaboration with TrendWatching, has identified three ‘behavioural’ trends emerging amongst Asia Pacific consumers.
The three trends are: ‘Betterment’, a growing consumer desire for self-improvement; ‘Local Love’, taking pride in locality and embracing local products and services; and ‘Infolust’, the appetite for timely, relevant and actionable information exchange to inform better purchase decisions and solicit more personalised services.
Betterment: Asia Pacific economies span the entire development spectrum, but the desire for self-improvement extends across the region. Consumers are striving to improve their lifestyle and satiate a feeling that they could ‘do better’ – living more healthily, recycling more, ‘doing good’ – the list of self-improvement goals is long. However healthier, smarter, more responsible choices are also perceived as costing more. This, combined with human inertia, means action is often lacking.
While self-pressure to ‘do better’ and a sense of accountability amongst peers can exert social pressure, for many consumers the lure of deals or rewards will be the catalyst needed to incentivise action. What if hotels could combine the two – self-improvement choices packaged into a good deal? Discounted rates for guests that support a hotel’s chosen local community programme during their stay? Dining vouchers at a local health food restaurant for guests who use the spa?
Travel brands are already jumping on the bandwagon. Qantas launched a health insurance and wellness program in 2016, Qantas Assure, which rewards Qantas Frequent Flyers who take out a Qantas Assure health insurance policy for being active. Using the Qantas Assure App they count their steps to earn Qantas Points that can be redeemed on flights and thousands of other rewards from hotel stays to products from the Qantas Store.
Local love: The global centre of economic and cultural gravity is shifting. ‘Global brand’ successes are being driven from Asia not into Asia, such as Alibaba and Samsung. With this evolution, consumer mind-sets towards ‘local’ are also changing. A rising body of Asian consumers are taking more pride in locality, embracing local products and offerings and reinventing the celebration of tradition and culture. As the value placed on local goods and services within Asian markets grows, the availability of good quality local options increases. The hospitality industry is uniquely positioned to benefit.
“A longstanding challenge for travellers has been finding truly local, authentic, experiences – not globalised ‘versions of’. Hotels can tap into the increasing selection of local, and better quality, options to address this need. Through local partnerships they can extend and enhance the guest experience, increasing customer loyalty or room rates, while driving new revenue streams back into the development of ‘localness’ – further fuelling regional economic growth,” comments Sarah.
Infolust: With the explosion of online and mobile access, today’s consumers are becoming accustomed to the availability of vast amounts of information to inform purchase decisions. But as well as receiving information, consumers are increasingly open to sharing information in exchange for more relevant, personalised, services and recommendations.
Meanwhile the channels available for this exchange are also evolving. Messaging apps such as WeChat and Line will continue to gain users and expand their ecosystem to become a one-stop-platform for lifestyle solutions.
The full report, developed by Sabre in collaboration with TrendWatching, can be downloaded here.