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PERSPECTIVES ON DIGITAL CURRENCY

Jul 31, 2013

cross-border

A Conversation With Visa on Global Travel Trends

The latest version of Visa’s Global Travel Intentions Study reveals positive news for the Travel and Tourism industry.

BBC Fast Track presenter, Carmen Roberts, speaks to Visa’s Elizabeth Buse, Ross Jackson and James Lim on the Study’s findings, revealing the latest insights into today’s global traveler – where they are going, what they are doing, and how much they are spending.

 

 

Responses from the 12,631 travelers from the 25 countries surveyed are split by region and include destination choice, spending habits, budgets, transport preferences and future intentions, all of which reveal a thriving and rapidly evolving travel landscape.

To download a copy of the report, please click here

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on July 31, 2013 at 3:44 pm

Apr 24, 2013

Global Travel Budgets On the Rise: Visa’s Latest Travel Barometer Confirms Industry Growth

This week, Visa announced the results of its latest iteration of its Global Travel Intentions Study series – a look into the behavioral trends of today’s traveler. Responses from the 12,631 travelers from the 25 countries surveyed are split by region and include destination choice, spending habits, budgets, transport preferences and future intentions, all of which reveal a thriving and rapidly evolving travel landscape.

One of the most interesting findings is that budgets are no longer the top concern when choosing a holiday destination. The pull of attractions, scenery and rich cultural experiences are now stronger reasons for travel.

As if that wasn’t good news enough for the Travel and Tourism industry, the Study also showed that global travel budgets are set to increase. While global average budgets for travelers will increase by at least five percent, travelers from Asian markets are expected to increase their budgets by an average of 46 percent.

Amid the global economic uncertainty of the past four years, these findings hint at a welcome change in both the financial landscape and consumer mindset, suggesting either economic recovery or a growing aptitude for budget management. Both herald further good news for the health of international and national economies and will provide exciting opportunities for everyone involved in the Travel and Tourism industry globally.

Visa has long advocated that, as one of the world’s largest, most robust and democratic industries, Travel and Tourism has enormous potential to contribute towards stimulating economic growth, creating opportunity for wealth in both mature and emerging economies. In developing economies particularly, tourism provides a gateway to economic progress and electronic payments have played an important role by allowing countries to capture greater tourist spending and providing travelers with a form of exchange that is secure and convenient.

By identifying changes and developments that allow for a better understanding of the Travel and Tourism environment, the Study is part of Visa’s commitment to increase the collective level of information that the industry can use to make intelligent decisions – to benefit both the traveler and the industry at large. Cross-border understanding and co-ordination have never been more important for the Travel and Tourism industry, and Visa is committed to using the results of the Global Travel Intentions Study 2013 to help private and public partners understand and meet global demand, promoting growth across the industry.

For a summary of the results and for more detailed information on the Global Travel Intentions Study 2013, please visit this link.

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on April 24, 2013 at 10:45 pm

Dec 4, 2012

How To Make Your Travel Count in 2013

December 13 marks the symbolic arrival of this year’s one-billionth international tourist and, with the holiday travel season nearly upon us, the United Nations World Trade Organization (UNWTO) is running a campaign to showcase how each one of us can make a difference when traveling abroad.

The UNWTO ‘One Billion Tourists: One Billion Opportunities’ campaign aims to highlight how small changes in travel behavior can contribute to a positive change throughout the world. The UNWTO is asking the public to vote for some very simple travel tips they will commit to follow on their next trip – small changes that will make a real difference to the people and places they visit. These simple actions include using towels for more than a day, taking public transport and saving energy.

The tip that generates the most votes will form the crux of UNWTO’s “Thunderclap”campaign and will be announced on 13 December.

The benefits of cross-border tourism on global economic development are abundant, but sustaining growth is essential. As more and more of us undertake regular travel, be it for business or pleasure, it is vital that we take steps to ensure that the money we spend is used to benefit the local economies.Supporting the larger issues that affect the travel and tourism industry is important to us at Visa, and  we are committed to expanding the ways in which every single traveler can easily and effectively contribute to local communities.UNWTO Secretary-General Taleb Rifai confirmed the UN’s belief in the campaign saying, “Imagine the difference one tourist could make by adopting small changes, from using their towels for more than one day, to hiring a local guide or buying local products. Now imagine if these simple actions were multiplied by one billion; that is the power of one billion tourists. Every single person who has traveled in 2012, whether on holiday or business, is part of the one billion and can make a real difference.”So, how can you do your bit for the economy and make a difference in 2013? Vote now at www.1billiontourists.unwto.org and pledge to work together to promote sustainable tourism this coming year.

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on December 4, 2012 at 11:55 am