• TravelAdvisor survey shows demand for travel remains high with majority of respondents likely to travel this year
• Survey also reports that the average spend per trip for 2022 is estimated to be beyond that of 2019
• SHRG’s new company will offer tremendous savings, exclusive benefits to its members

Calling 2022 “the year of the travel rebound,” TripAdvisor announced results of a recent survey indicating that traveler intent for this year demonstrates high demand for booking experiences and a willingness to spend more on travel (https://ibn.fm/YL42V). This is great news for Sharing Services Global (OTCQB: SHRG), which last year launched a new travel company, a direct-selling division focused on providing exclusive benefits and first-class discount travel opportunities (https://ibn.fm/Rh3O9).

The TripAdvisor report, which was conducted in partnership with Ipsos MORI, indicates how consumers are planning to travel in 2022 and beyond, and how their attitudes toward and plans for travel have changed compared to prepandemic. “While outside factors like COVID-19 variants, international travel rules and staffing shortages still can represent existential threats to traveler behaviors, year-end sentiment and search data show ongoing demand for travel remains high,” a summary of the report stated. “Who benefits from the tourism demand? As travelers spend more, cultural experience providers (tours and attractions), tourism businesses catering to domestic audiences and companies adhering to safety standards will win the hearts and minds of travelers.”

The survey, which was conducted in November 2021, included more than 10,000 participants aged 18 to 75 in the United States, United Kingdom, Australia, Singapore and Japan. Respondents were asked about their sentiments regarding their future travel inclinations, when they plan to travel, and what they’re looking for in a trip when they do.

Across the five markets, the majority of respondents indicated that they were either very likely or fairly likely to travel for leisure, to travel to visit friends or family, or to travel for business purposes this year. Specifically, the report noted that “respondents in Singapore were the most likely to say they will travel in 2022 at 89%, followed by respondents in the UK at 85%. Australia and the United States fell in the middle of the five markets surveyed, with 79% and 78%, respectively, saying that they are likely to travel for those reasons in 2022. Japanese respondents were the least likely to say they will travel in 2022, with 58% saying that they are likely to do so — still a healthy proportion of people despite being the lowest of the five markets surveyed.”

In addition, TripAdvisor reported that the average amount spent per trip for 2022 is estimated to be beyond that of 2019, as travelers look to level up their travel experience. According to Tripadvisor, American travelers are expected to spend 29% more on their average trip in 2022 than they did in 2019, while in Australia, average booking rates are expected to be up by 16% in 2022 against 2019. Singaporean travelers’ booking values are also expected to increase this year. 

SHRG’s news of its travel company, one of its Hapi Brands subsidiaries, will be ideally positioned to benefit from these upward trends. According to Sharing Services, to differentiate itself from its competitors, the new company will offer its members unfettered access to tremendous savings and exclusive benefits on a level not seen in the industry before.

Sharing Services Global Corporation is a publicly traded diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. Its primary division includes Elevacity U.S. LLC, the parent company of the Happy Co. and a sales and marketing company based on utilization of independent contractors as the sales force.

For more information, visit the company’s websites at www.SHRGInc.com, www.TheHappyCo.com, and www.HapiTravel.com.

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

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