For Asia's well-heeled millennial travelers, new experiences are far more appealing than the comfort of organized tours.
"You have to have a lot to excite them," Amrita Banta, managing director of Agility Research said Thursday during a panel discussion at the Millennial 20/20 summit, the first of its kind in Asia, which debuted in Singapore this week.
Agility Research recently surveyed more than 900 millennial respondents in China, India, Hong Kong, Singapore, Malaysia, Taiwan and South Korea who traveled internationally in the past year, hoping to decode the affluent Asian millennial traveler.
Of the respondents, 61 percent said they wanted a custom experience when sight-seeing, compared to only 38 percent who preferred a packaged, group-led tour.
Nearly 80 percent said they wanted to visit somewhere they had not visited before, while 77 percent said they chose destinations offering new activities and experiences. Their top travel destinations included Hong Kong, Singapore and Tokyo.
Understanding the behavioral patterns of young Asian travelers is crucial given the clout they wield.
Asian millennials are expected to spend $340 billion on international trips by 2020, according to Brand Karma, as the middle class rises and increases spending.
Affluent Chinese households are spending $65,000 on average on tourism in a year, according to a recent study of Chinese millennials.