Tinggly Survey Reveals Inflation & Supply Chain Issues to Impact Gift Giving with 67% Worried Online Gifts They Order Won’t Arrive on Time
65% Say Continuing “Flightmare” Scenarios Have them Altering Holiday Travel Plans / 71% Say Inflation Necessitates Them Only Shopping Black Friday or Other Sales / 69% Plan to Give Experiential Gifts and Gift Cards over Traditional Presents
New York, NY (PRUnderground) September 6th, 2022
Tinggly, the global experience gifting company, announced today consumer survey findings that reveal inflation and supply chain issues will affect upcoming holiday shopping and travel plans. At a time when retailers were hoping for post-Covid rebound, factors like higher energy costs, rising interest rates, and supply chain issues have consumers feeling on edge as the 2022 holiday season approaches.
While 58% report that concerns about Covid will no longer impact their holiday travel plans, ironically, an even higher percentage (62%) of the same survey group expect inflation and higher plane fares will have them altering or canceling their holiday travel plans this year.
In addition, the giving of traditional gifts, that need to be ordered online or found in-stock at a retailer, is also falling out of favor with consumers who have had gifts arrive late or not at all because of supply chain issues. 67% of respondents believe the holiday gifts they order won’t arrive on time, claiming they’re more likely to give an experiential gift or gift card instead.
“Our new survey indicates there’ll be a dramatic shift in consumer sentiment this holiday season,” said Miglė Rakauskaitė, Head of Growth at Tinggly. “Factors like cost and availability are changing the landscape of holiday gift giving as savvy consumers explore new options for their holiday needs.”
The survey polled over 1,000 U.S. consumers, asking them about the impact new socio-economic realities will have on their holiday plans this season.
Key survey findings indicate:
- 38% would only travel within the US and Canada because of higher airfares – and one-quarter (25%) expect they’ll avoid holiday travel entirely because of the increasing number of “flightmare” scenarios involving lost baggage and canceled flights.
- Due to inflation, 37% of respondents plan to spend less on gifts, 10% plan to trim people off their gift lists, 21% plan to give fewer physical gifts and more experiential ones or gift cards, and 10% plan to craft or bake more gifts.
- A whopping 78% of respondents would consider giving an experience as a gift – with 36% claiming that after COVID, people are looking for more meaningful moments together rather than physical things.
- 69% percent of respondents prefer to give experiences or gift cards over physical gifts – with 50 percent claiming that then the recipient can choose what they’d really like.
“Poll numbers confirm what we already see at Tinggly, consumers are embracing gifts that bring joy and memories to share. They are looking for something special and meaningful – like experience gifts,” said Rakauskaite. “At Tinggly, we curate experiences with special care for every occasion. From birthdays and anniversaries to weddings and holidays, Tinggly lets you gift experiences like hot air balloon rides, surfing classes, or cruise tours all around the world.”
For more information about Tinggly experiential gifts visit: https://www.tinggly.com/
Tinggly is a global and sustainable experience gifting company that seeks to change the culture of gifting and help people make more meaningful gifts. The company’s mission is to promote happiness through the gifting of inspiring experiences, whilst reducing meaningless material presents. Tinggly is the first and only global experience gifting company in the world in which the buyer, the gift recipient and the experience chosen can all be in different countries.