Visa Reports Growth in International Travel Spending

In its 2011 Travel Snapshot, Visa Inc. revealed an increase in spending from Visa account holders traveling to and from the U.S., Canada, Mexico and Brazil.

The report, conducted using VisaVue Travel data, showed the biggest increase from Brazil by 32%. Mexico followed with a 19% jump, and Canada was next with an 11% increase. Lastly, the U.S. showed a 7% increase in tourism-related spending.

Spending trends also reported that a majority of the spending done in the U.S. came from travelers from Brazil and China. Similarly, travelers from China also showed great interest in spending in Canada, while Mexico experienced an increase from Visa account holders in South America.  

“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. “Tourism is a key contributor to economic growth, so this upward trend in international travel expenditures can provide some welcome revenues for growing countries like Mexico and Brazil as well as the U.S. and Canada.”

For the full 2011 Travel Snapshot, click here.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>