Visa has released a report highlighting a significant rise in travel-related spending among Singaporeans, especially during peak periods like the year-end and Lunar New Year holidays.

The findings show that Singaporeans are prioritizing lifestyle experiences, with shopping and dining now making up 61% of total travel spend.

There's also a clear shift toward smarter spending - online lodging bookings and alternative airline choices are on the rise, reflecting a more strategic approach to budgeting and value. 

On The Wealth Tracker, Hongbin Jeong speaks to Adeline Kim, Country Manager for Singapore and Brunei, Visa, to find out more.