Study finds travel spending in some areas climbs to pre-recession levels

Thursday, 03 Apr, 2012 0

Travel spending has climbed to pre-recession levels, according to the most recent VisaVue Travel data.

"Visa account holders from these countries (US, Canada, Mexico and Brazil) continued to increase spend on international travel-related purchases from 2010 to 2011, building momentum toward pre-recession levels," the study found.

Travelers from the United States increased tourism spend on their Visa accounts by 7%, those from Canada by 11%, and Mexico by 19%. Travelers from Brazil were in first place, however, by increasing their international travel spend on their Visa accounts by 32% overall in 2011  —  43% of which was in the United States.

"Visa works closely with governments and tourism entities to connect merchants to the more than 2.3 billion Visa global account holders and provides a convenient, secure and reliable payment experience for international travelers," said Ava Kelly, head of global affluent and cross border initiatives at Visa Inc.

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories, the company says.

By David Wilkening



 

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