The new funding will be focused on expansion efforts and growing iSTOX’s investment offerings. Singapore-headquartered digital securities platform iSTOX has closed its Series A fundraise at US$50 million, the company announced in a statement yesterday. With the close, the company welcomes four [...]
SINGAPORE, 4 March 2020 – YouTrip, Singapore’s first multi-currency mobile travel wallet, today showed that female travellers from Singapore are becoming increasingly well-travelled and exhibiting a greater preference to visit exotic destinations than ever before.
This International Women’s Day, YouTrip conducted a travel study of 100,000 users to identify an increasing number of well-travelled females between August 2019 to February 2020 compared to August 2018 to February 2019 – generally the peak travel periods for travellers from Singapore.
Growing Appetite For Travel
YouTrip has seen an increase in hunger for travel among female users in August 2019 to February 2020. The number of countries visited by the top 100 female travellers has increased by 18% to 72 countries in total, up from 59 countries compared to the previous period. The United Kingdom, Germany, Netherlands, USA, Australia, Japan, Italy, South Korea, France and Denmark made up the top ten most popular destinations.
Women are travelling more this year, with an increase in the number of women visiting more than 10 countries (1.4% compared to last year’s 0.1%). The study also identified that the number of well-travelled females to have visited 10 countries or more in the last 6 months have equalled their male counterparts.
Caecilia Chu, Co-Founder and CEO of YouTrip shares: “One thing I’ve always been proud of at YouTrip as a female founder was achieving a 50/50 gender equality in our offices across Southeast Asia, which is something rare by industry standards. Now I’m even more heartened to see similar statistics amongst our user base, with more females taking on the adventure to travel more than before.”
Exotic Destinations, check!
YouTrip’s study also revealed that women travellers are displaying a preference for exotic countries, heading to destinations such as Botswana (36% more females than males), Armenia (33%), Ecuador (33%), Costa Rica (25%) and Mongolia (23%).
The popularity of female-only tours, which have reported huge growth in recent years, could be one reason why women are more interested in travelling to the aforementioned exotic destinations. A growing number of tour agencies, like Sights and Soul for instance, specialises in female-only tours to countries like Ecuador and Botswana, which could also factor into boosting the number of female travellers to these destinations.
On the other hand, conventional travel destinations still remain popular. Women prefer travelling to South Korea (58% more females than males) and Taiwan (23%) — which are incidentally considered safest for solo female travellers by Business Insider — as well as Finland (19%) and Italy (17%).
“Be it solo-trips or group holidays, YouTrip is proud to be championing a growing number of adventurous female travellers on our platform. We hope that their travels can enrich and empower them to step out of their comfort zones, as we progress towards gender quality”, Caecilia Chu adds.
YouTrip is a regional financial technology startup, dedicated to creating the best mobile
financial services for travellers across Southeast Asia by simplifying overseas spending and creating a fuss-free travel experience. YouTrip first launched in Singapore in 2018 and
subsequently in Thailand in 2019.
For more information, please visit you.co/sg