Travel Spend Rises Six Percent over 2011 to $57 Billion According to Visa Insights
VisaVue Travel Data Spending Highlights
Chinaknocked the U.K.out of the top three inbound countries traveling to the U.S. for the first time since 2009 – increasing travel spend by 30 percent compared to 2011.
- Visa account holders from
Brazil, Canada, Mexicoand the U.S. showed more interest in Japan, boosting tourism spend in the country by an average of 25 percent ( $948Min 2012).
- Visa account holders in
Africadramatically increased travel spending in the U.S. in 2012 by 17 percent, spending $585Mon their Visa accounts. In fact, 80 percent of African countries with Visa account holders who traveled to the U.S. experienced double-digit growth in tourism spending in 2012.
“Tourism is a driver of economic growth, and Visa works closely with governments and tourism entities to seamlessly connect merchants and Visa account holders,” said
Visa’s suite of travel products and services advances the value and reach of electronic payments as a key component of sustainable global tourism. Visa products offer account holders peace of mind in knowing they have the ability to make purchases at tens of millions of merchants worldwide, access to local currencies at more than 1.9 million ATMs, the protection of Visa’s Zero Liability Policy1 for fraudulent transactions and a range of travel perks and benefits which can save time and money.
To view complete copies of the 2012 Visa Travel Snapshot reports for
For more information on Visa’s full suite of travel products and tips for international travel payment, visit www.visa.com/travel.
About VisaVue® Travel Data
Visa cardholder spend data cited is based upon
Data included in the 2012 reports includes spending on Visa-branded payment cards by international visitors from key source countries during the calendar year 2012 (
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 24,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit corporate.visa.com.
1 Visa's Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.
Sarah Pew, 650-432-7917