Affluent travelers are expected to spend at least $1,000 more per holiday in the next year. Typically creatures of comfort, their top holiday destinations for the next year are still the modernized cities of the USA, UK and Australia. And one of the top deciding factors of where they go? Good weather apparently.
Another quirk of the affluent traveler? A need to connect with their internet banking facilities regardless of where in the world they are.
BBC Fast Track presenter, Carmen Roberts, speaks to Visa’s James Lim who reveals the difference between global and Asian affluent travelers in their top travel destinations and how they spend.
‘Tis the season of deep discounts, shopping-friendly apps, mobile devices and free shipping to drive record online sales. From Thanksgiving Day through Cyber Monday, online sales – across smart phones, tablets and PCs – from U.S. Visa accountholders increased to $7.8 billion, up 30% over last year. Cyber Monday alone accounted for $2.6 billion in online spending, an increase of 28% over 2012.
Already, we see a number of factors contributing to these Visa numbers:
Shoppers have six fewer days this year between Thanksgiving and Christmas, making it the shortest holiday shopping season in more than a decade.
Bad weather in the East kept shoppers homebound, shopping online and away from the mall crush.
For more details on the numbers and to see how this year compares to previous years, see the infographic below.
By Wayne Best, Chief Economist
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