This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Travel Spend Rises Six Percent Over 2011 To $57 Billion According To Visa Insights

According to the 2012 Travel Snapshots released today by Visa Inc. (NYSE:V), Visa account holders continued packing their bags as aggressively as they did in 2011. According to VisaVue® Travel data, spending by Visa account holders traveling to Brazil, Canada, Mexico and United States jumped six percent to $57 billion compared to 2011.

VisaVue Travel Data Spending Highlights

  • China knocked 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, Mexico and the U.S. showed more interest in Japan, boosting tourism spend in the country by an average of 25 percent ($948M in 2012).
  • Visa account holders in Africa dramatically increased travel spending in the U.S. in 2012 by 17 percent, spending $585M on 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 Nick Talwar (@NickTalwar), head of North America Consumer Credit, Visa Inc. “For the past two years, we’ve seen an upward trend in international travel spend. And as it becomes easier for international travelers to safely pay for goods and services using electronic payments, more countries will experience the economic benefits that international travel brings to their overall revenues.”

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 Policy 1 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 the United States, Canada, Mexico and Brazil, click here Visa Tourism media kit.

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 VisaVue Travel data. Visa introduced the VisaVue Travel tourism reporting product to U.S. tourism organizations in 2008 and has continued to provide reports to the industry on a variety of popular tourist destinations every year. For more information on VisaVue Travel and Visa's products focused on the tourism industry, please contact the VisaVue Product Office at VisaVueTravel@Visa.com.

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 (Jan. 1 - Dec. 31, 2012) and includes travel spend in Visa Europe.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs