More travellers are booking last minute flights on mobile devices, according to Cleartrip.
More travellers are booking last minute flights on mobile devices, according to Cleartrip.
More travellers are booking last minute flights on mobile devices, according to Cleartrip.
More travellers are booking last minute flights on mobile devices, according to Cleartrip.

Is our refusal to book flights in advance just a fear of commitment?


Katy Gillett
  • English
  • Arabic

Despite the fact that I show up early for social and work engagements, I find it very difficult to book a flight much in advance of my departure date. My mum, who I blame for my innate sense of on-the-ground punctuality in the first place, finds this trait very stressful and, until recently, made me feel as though the behaviour was unusual. Now, I realise it's not at all. In fact, it's very common.

A couple of weeks ago, global online travel company Cleartrip released statistics showing that the majority of UAE travellers book flights fewer than eight days ahead of travel. Same-day purchases are on the rise, too, as last-minute reservations accounted for 3 per cent of all bookings from across the Gulf on Cleartrip in the first half of 2019.

Granted, for long-haul travel, leaving it down to just eight days is cutting it a bit too fine, even for me, but reading this did get me thinking: where does this blasé approach to border-­hopping come from? I thought perhaps it might be a UAE thing, as the majority of the population is made up of people who have moved here from elsewhere and who may often fly home at the drop of a hat. And, considering our proximity to both the West and the rest of Asia, it would make sense that we're not averse to spontaneous jet-setting around here.

But then I read a report from 2016 by travel booking website Expedia, which said: "We see a healthy appetite among all consumers for the spontaneous trip, but this is particularly strong among millennials. Already, over one in three agree that they 'often make holiday plans at the last minute' – compared to only one in four of older consumers, despite all associated costs with last-minute booking."

One of Expedia's clients, UK resident Carmen, explains in the report why she lives life on the edge: "Many of my holiday decisions have been spur of the moment as a result of chatting to friends about their past holidays (and wanting to do the same) or fantasising about what I could be doing and then going online to see if it can be done," she says. "Once I had agreed to it (during a moment of boredom and procrastination) it was all booked within 48 hours."

Of course, this kind of behaviour depends on what funds are available, how easy international travel is from where you live, and other such social factors, but the uptick in last-minute bookings does seem to coincide with the advent of digital tools. We can also factor in decreasing costs, an increase in options and a generally more liberal outlook across the board. Access to more information about the world and its hidden wonders via the internet must also be a major contributor.

Many of my holiday decisions have been spur of the moment as a result of chatting to friends about their past holidays (and wanting to do the same) or fantasising about what I could be doing and then going online to see if it can be done.

While my consideration of this statistic sent me down a rabbithole of internet research, it also got me thinking about why I, personally, choose to delay booking. I'm technically a millennial, but I came of age as the internet did, so printed maps and booking through travel agents months in advance was how we did things back then. I certainly appreciate the ease with which we can book our flights and hotels these days, but I ultimately believe my reluctance to plan ahead has more to do with a fear of commitment than it does anything else.

Even though the dates of annual leave I have booked (which I actually do well in advance) aren't going to change, and the trips I go on are rarely dreamt up in the spur of the moment, I like to have a bit of room to manoeuvre, just in case. And, even though booking last minute costs more, and I could buy a flexible ticket for a fairly minimal fee instead, as more and more websites make it easier for me to book later and later, I can't see me changing this behaviour any time soon. But you better believe I'll always be at the airport at least three hours early.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Aayan%E2%80%99s%20records
%3Cp%3E%3Cstrong%3EYoungest%20UAE%20men%E2%80%99s%20cricketer%3C%2Fstrong%3E%3Cbr%3EWhen%20he%20debuted%20against%20Bangladesh%20aged%2016%20years%20and%20314%20days%2C%20he%20became%20the%20youngest%20ever%20to%20play%20for%20the%20men%E2%80%99s%20senior%20team.%20He%20broke%20the%20record%20set%20by%20his%20World%20Cup%20squad-mate%2C%20Alishan%20Sharafu%2C%20of%2017%20years%20and%2044%20days.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20wicket-taker%3C%2Fstrong%3E%3Cbr%3EAfter%20taking%20the%20wicket%20of%20Bangladesh%E2%80%99s%20Litton%20Das%20on%20debut%20in%20Dubai%2C%20Aayan%20became%20the%20youngest%20male%20cricketer%20to%20take%20a%20wicket%20against%20a%20Full%20Member%20nation%20in%20a%20T20%20international.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20in%20T20%20World%20Cup%20history%3F%3C%2Fstrong%3E%3Cbr%3EAayan%20does%20not%20turn%2017%20until%20November%2015%20%E2%80%93%20which%20is%20two%20days%20after%20the%20T20%20World%20Cup%20final%20at%20the%20MCG.%20If%20he%20does%20play%20in%20the%20competition%2C%20he%20will%20be%20its%20youngest%20ever%20player.%20Pakistan%E2%80%99s%20Mohammed%20Amir%2C%20who%20was%2017%20years%20and%2055%20days%20when%20he%20played%20in%202009%2C%20currently%20holds%20the%20record.%3C%2Fp%3E%0A
A cheaper choice

Vanuatu: $130,000

Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.

Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.

Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.

Benefits:  No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.

Brighton 1
Gross (50' pen)

Tottenham 1
Kane (48)

'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5