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Young Saudi Arabia Consumers Bring Spending Back, 88% Ready to Embrace Pre-Pandemic Shopping, Travel, and Holiday Experiences
 

Sitecore’s Holiday Shopping Trends 2021 report shows 79% of Saudi Arabia consumers buying bigger gifts and 85% planning trips of a lifetime
 
 
Saudi Arabia, September 20, 2021 - Sitecore®, the global leader in digital experience management software, today released its Holiday Shopping Trends 2021 report exploring how consumers in Saudi Arabia intend to celebrate, indulge, and recuperate this holiday season.
 
Saudi Arabia’s residents are eager to resume their normal lives and make up for last year’s COVID-controlled holiday, with 88% of those age 25-34 saying they are ready to embrace pre-pandemic shopping, travel, and holiday experiences.
 
About four-fifths (79%) of Saudi Arabia consumers surveyed plan to make bigger and more mindful holiday purchases this year, fueled in part by the fact that 76% of Saudi Arabia consumers say they have more savings set aside for the holidays this year compared to last year.
 
Sitecore’s Holiday Shopping Trends 2021 report surfaces insights from consumers around holiday shopping, gift giving, spending, and sentiment. The data arms marketers in categories like retail, travel, automotive, and others with the intelligence they need to deliver winning experiences that satisfy the evolving tastes and demands of consumers.
 
“As 88 percent of consumers in Saudi Arabia are very clearly ready to move on from the pandemic, they are looking at Holiday 2021 as the beginning of the rest of their lives,” said Mohammed Alkhotani, Area Vice President – Middle East and Africa, Sitecore. “Our research shows pent-up demand and more savings than usual will result in younger consumers splurging on self-care and big-ticket items at the register, which is great news for those in retail, travel, and hospitality. It’s also heartening to see that 69 percent of Saudi Arabia consumers want to support their local community, including locally-owned businesses. The industry will need to respond with more offerings from these businesses.”
 
•         Saudi Arabia’s Shift in Perspective:
o    73% of consumers would prefer experience gifts to “more stuff”
o    85% of consumers are now planning “the trip of a lifetime”
o    73% of consumers under the age of 44 said they are now more spontaneous, more social, and enjoying life more
 
•         Young Saudi Arabia consumers bringing spending back:
o    87% of those under the age of 44 stated that following their experiences during the pandemic they now “value travel and appreciate other cultures more”
 
•         Saudi retailers could support more locally-owned businesses:
o    95% of consumers believe it is essential that retailers offer more products from locally-owned businesses, but only 66% report seeing more locally-owned products when shopping
 
•         Buying local and being mindful with purchases is a priority for Saudi Arabia:
o    69% of consumers are willing to pay more for locally made gifts
o    59% of consumers are annoyed when they find a purchase was made in China, when they thought it was a local purchase
o    93% of consumers stated that the pandemic has made them think more carefully about how they spend their money
 
•         In Saudi Arabia, self-care now includes self-gifting:
o    46% of those buying a gift for themselves cite “therapy” as the main reason

 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 6295 times
PR Category : Banking & Investments
Posted on : Monday, September 20, 2021  1:37:00 PM UAE local time (GMT+4)
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