Vaccinations unlock a potential spending boom | Visa


Vaccinations unlock a potential spending boom

Pandemic-induced geographic gaps are closing.

A heat map table showing restaurant transactions per consumer for multiple countries from January 2020 to May 2021.  See image description.

A heat map table showing restaurant transactions per consumer (indexed to 2019=100) from January 2020 to May 2021 for Singapore, Malaysia, the U.S., Canada, the U.K., Sweden, Cayman Islands and Trinidad and Tobago, with dark green representing values over 100, light green representing values of 90-100 and so on down to values less than 60 in dark orange. Across all countries, levels as of January 2020 (pre-pandemic) were in the green range, but as the months progressed to April 2020 and May 2020 they were all in the orange range. Since then, countries have recovered to varying degrees, with Singapore consistently in the green, while Trinidad and Tobago has been mostly in the orange and lighter orange range and has never exceeded a value of 80-90. It is currently at dark orange, while most other countries in the analysis, with the exception of Malaysia and Sweden, are in either the light green (U.S., Canada) or dark green (U.K., Cayman Islands) range.