KTC World Travel Service unveiled insights that during the Songkran festival, Thais have been increasingly traveling to China, particularly Guangzhou and Shanghai, following the introduction of Thai-Chinese visa waivers. Moreover, total KTC credit card spending in the travel category increased by 15% in the first quarter of 2024, with the travel agent sector leading in spending growth.
Miss Pattheera Anandchotiphatchara, Head of KTC World Travel Service and Airline Travel Marketing, “KTC”orKrungthai Card Public Company Limited,revealed that due to thevisa exemption measuresbetweenThailandand thePeople's Republic of China, there has been a notable increase in travel plans during the Songkran Festival,between April 12, 2024, and April 16, 2024. Members have shown greater interest in traveling to destinations within the People's Republic of China through KTC World Travel Service. The5 main routesfor which members have chosen to reserve airline tickets and purchase other travel service products are Hong Kong / Taipei / Guangzhou / Shanghai, and Hanoi / Seoul, respectively. This shift contrasts with the Songkran festival in 2023, where Taipei City, Hokkaido, and Fukuoka City were the top 3 destinations.
Meanwhile,KTC credit card total spending in the travel category increased by 15% in the first quarter of 2024year-over-year. The travel category now holds second in the total credit card spending portfolio, following the insurance category. Among the various spending categories, the travel agent, airline, and hotel categories hold the highest proportion of spending, respectively.
Simultaneously,KTC credit card spending abroad increased by 18%during thefirst quarter of 2024year-over-year. The travel routes with the highest spending were Japan, Hong Kong, Korea, Taiwan, and Singapore, respectively. Following the opening of the country, China has experienced significant spending growth and is now ranked among the top 10 countries with the highest spending.
Those interested in special travel privileges can get more information by contacting KTC World Travel Service 02 123 5050 or by visiting https://www.ktc.co.th/ktcworld. To register for a KTC credit card, click the link: https://ktc.today/apply-card or visit any “KTC TOUCH” branches nationwide.
Remark: It is advisable for credit cardholders to use their cards responsibly and repay the full amount as scheduled to avoid incurring an annual interest rate of 16%.