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Visa Reports Increased International Travel SpendingApril 26, 2011 By: George Dooley Travel Agent
|Visa reported good news for inbound and outbound U.S. travel. // (c) Flickr/Andres Rueda|
Visa is reporting some good news both for inbound and outbound travel. Visa cardholders seemed optimistic in 2010 and took more trips and spent more on international purchases according to the new “Tourism Outlook: USA “report from Visa Inc.
VisaVue Travel Data from 2009 and 2010 showed that spending by international cardholders traveling to the U.S increased by 18 percent, from $29 billion to more than $34 billion. The report also indicates that spending by U.S. Visa cardholders traveling internationally increased by 6 percent, from $29 billion in 2009 to $31 billion in 2010.
”Despite economic uncertainties, the U.S. continues to be a major contributor to the global tourism economy, both as a destination of choice and as a critical source of tourism revenue for many countries,” said William M. Sheedy, group president, Americas, Visa Inc.
In 2010, the global tourism industry showed signs of strength, Visa reported. With an overall 18 percent increase in 2010, visitors from Canada ($9.2 billion), the UK ($2.5 billion) and Mexico ($2 billion) rounded out the top three inbound source countries, increasing tourism spend in the U.S. by 18 percent, 11 percent and 18 percent respectively.
Visa cardholders from China, Australiaand France also had a notable 2010 travel year. Cardholders from each country broke into the billion-dollar tourism spend category with increases of 64 percent, 32 percent and 6 percent respectively.
When visiting the U.S., the most popular destinations for international Visa cardholders were Florida, New York, California, Texas and Nevada, with each state experiencing tremendous double-digit growth compared to 2010.
Similar to previous years, Canada and Mexico remained the top two most popular destinations for U.S. Visa cardholders in 2010. Canada, host of the 2010 Winter Olympic Games, was the most popular destination for U.S. travelers, as they spent $3.5 billion on their Visa payment cards (up 8 percent from 2009). Mexico was a close second, as American travelers spent $3.1 billion in 2010, followed closely by popular European destinations, including the UK, Italy, France and Germany.