Viewpoints

Visa’s Blog – Visa Viewpoints

PERSPECTIVES ON DIGITAL CURRENCY

Aug 2, 2013

Tourism

Are Travellers Addicted to Gadgets?

What gadgets are a traveller’s best friends and what do they use them for? And which country has the most connected travellers?

BBC Fast Track presenter, Carmen Roberts, speaks to Visa’s Ross Jackson on what Visa’s Global Travel Intentions Study revealed around the influence of technology on travel – pre, during and post-trip.

 

To find out more about the Study, download a copy of the report here

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on August 2, 2013 at 12:12 pm

Jul 31, 2013

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

Jun 25, 2013

Keep Safe & Travel On: Tips for a Fraud Free Holiday

You could be lying on the pristine beaches of Phuket this weekend, or trekking along the Great Wall of China the next. With budget flights on the rise and an ever abundant array of attractive travel packages on offer, getting away to an exotic locale or a dazzling metropolis has never been easier.

It’s no wonder then that despite an uncertain economic climate, international tourist arrivals crossed the 1 billion mark in 2012, and is expected to grow another three to four percent.  Moving in tandem with the rise in travel is also the growth in tourism receipts. In 2012 alone, global travel spending grew a healthy seven percent to reach €875 billion, or US$1.15 trillion. 

As travel becomes easier and more accessible, so have the methods of payment. Long gone are the days when cash or traveler’s checks were the only accepted forms of currency. Today, Visa cards are accepted at tens of millions of merchants around the world and provide 24-hour cash access at over 2 million ATMs in more than 200 countries.  Not only are payment cards more convenient than cash, they are safer too. Cash can be hard to keep track of and easy to misplace, especially when you’re changing planes or hotels. However, cards can be replaced if they get lost or stolen.

Nevertheless, as you plan your next vacation, keep in mind that no matter where you go, criminals are on the lookout for new methods to commit fraud at the expense of your wallet and peace of mind. So, whether you’re traveling on business or taking a well-deserved vacation, refer to our infographic for some practical suggestions on how you can make travel more secure, hassle free and enjoyable:

 

Click image to view full size infographic

 

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on June 25, 2013 at 11:56 am

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

Apr 10, 2013

Next Stop, Myanmar! Travel Tips for Navigating a Cash-Based Economy

In a cash-based economy like Myanmar, even frequent travelers may need to adjust some of their usual travel habits. Here are some practical tips that cover everything from hiring cars to obtaining local currency through ATMs, and are designed to ensure that travelers who want to get the most out of their journey are well prepared.

Click on the infographic below to  get some  helpful hints from Visa’s travel and tourism experts:

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Posted by: Lucas Mast, Visa Corporate Relations on April 10, 2013 at 7:08 pm

Mar 20, 2013

Japan, China and Africa took big travel strides in 2012

Bags were packed. Tourists donned their favorite travel attire. And Visa account holders traipsed across the globe in 2012. While tourism spending growth on Visa accounts slowed slightly compared to 2011, travelers from Brazil, Canada, Mexico and the United States were still stretching their travel legs and spending along the way.

Roaming the world – People traveling to Brazil, Canada, Mexico and the United States spent $57 billion on their Visa accounts–a six percent spend increase in these countries compared to 2011.

China continues to jet to the U.S. – Visa account holders from China had their sights set on the U.S. as they moved into the top three contributors to U.S. inbound tourism. Chinese Visa account holders increased spending by almost 30 percent in 2012 – knocking the United Kingdom out of the top three for the first time since 2009.

Seeking adventure in Japan – Visa account holders from the United States, Mexico, Brazil and Canada showed an increased interest Japan – increasing travel spend in the country by an average of 25 percent, spending $948 million in 2012.

For more information about the 2012 Travel Snapshots, visit our Tourism Media Kit. For information about traveling with your Visa card, visit visa.com/travel.

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Posted by: Lucas Mast, Visa Corporate Relations on March 20, 2013 at 5:29 am

Mar 13, 2013

Brazil Experiencing Business Travel Boom

Visa has long recognized the importance of travel and tourism to global economies. In addition to working with tourism entities around the world, we also work with organizations like the Global Business Travel Association (GBTA) to understand the key trends in business travel. We invited the GBTA to share the latest findings of the GBTA BTI™, an index of business travel spending sponsored by Visa. For more information, to read the entire report or any past BTI outlooks, visit www.gbta.org. – Tad Fordyce, head of global commercial solutions at Visa Inc.

Each year the Global Business Travel Association (GBTA) takes a comprehensive look at business travel spending in key countries throughout the world in our GBTA BTI™ Outlooks. The reports, which are sponsored by Visa, help companies and the travel industry understand the current business travel landscape, make better decisions about their travel spending and forecast future business travel trends.

Today, we released the GBTA BTI™ Outlook report on Brazil, which confirms that Brazil continues to be red hot in terms of travel. While total travel spending is expected to rise with large number of tourists anticipated to visit the country with the 2014 FIFA World Cup™ and the 2016 Rio 2016 Olympic Games, business travel is also booming in the largest South American economy.

The GBTA BTI forecasts Brazilian total business travel spending to grow 14.3% in 2013 to $34.5 billion, and will continue to grow another 16.1% to $40 billion in 2014. With these forecasts, Brazil business travel spending is on track to surpass Italy, France and the UK over the next two years. This impressive feat is even more astounding when you consider Brazilian business travel spending has nearly tripled since 2000, from $11 billion to more than $30 billion in 2012.

When examining what’s driving the growth, domestic business travel continues to be the bulk of the spending, with a forecasted 12.9% growth in 2013 to more than $27 billion. International outbound travel from Brazil is expected to grow even faster, expanding 20.2% in 2013 to a total of $7.1 billion. These numbers correspond closely to Brazil’s overall economic and job growth.

While Brazil is poised to continue its rapid ascent in both economic and business travel growth, there are still issues that need to be addressed to maximize the nation’s opportunity. Both domestic and international inbound business travelers can expect to see higher air and hotel prices, driven by increased demand and a lagging supply. The country is continuing to rapidly modernize its travel infrastructure, including Visa’s efforts to increase the country’s electronic payment network, helping to ensure that business travelers can pay securely and conveniently throughout Brazil.

Joe Bates, Vice President, Research, GBTA

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Posted by: Visa Corporate Relations Team on March 13, 2013 at 9:48 am

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

Aug 22, 2012

Visa Travel Snapshot: Is 2012 the year of the traveler?

According to VisaVue® Travel data from the first half of 2012, U.S. and international travelers are hitting the road and discovering new destinations.

 

U.S. Visa Account Holders Contributed $17B to the International Tourism Economy

From January to June of 2012, U.S. travelers increased travel spend on their Visa accounts by seven percent — from $15.9 billion in 2011 to $17 billion in 2012. Top destinations included Mexico, Canada, the United Kingdom, France and Italy.

To keep up with the adventurous spirit of our account holders, from January – June, Visa added 126 international hotels to the Visa Signature Luxury Hotel Collection. 

 

U.S. Welcomes 9% Boost from Tourism Revenue

Similarly during the first half of 2012, international travelers increased travel spend on their Visa accounts by nine percent in the U.S. — from $18.4 billion in 2011 to $20.1 billion in 2012.

Travelers from Canada, Brazil and the UK made the biggest impact on the U.S. tourism economy during this time period. Overall, coastal states reaped the largest spend increases from international guests.

  • Florida +13%
  • California +9%
  • New York +8%

If the first half of 2012 is any indication of the rest of the year, there are good things to come for the global travel economy.

Packing your bags this summer? Make sure to check out these travel tips from Visa #VisaKnowsTravel.

For more information about VisaVue Travel data visit:http://corporate.visa.com/newsroom/media-kits/tourism.shtml

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Posted by: Lucas Mast, Visa Corporate Relations on August 22, 2012 at 8:37 am

Aug 3, 2012

Postcards From London: Let’s Go Shopping!

Visa Westfield Stratford

If you are one of the hundreds of thousands of people making their way to Olympic Park for the opening day of athletics, odds are that there will be some long lines exiting to return to your hotel or residence.

While you can choose to brave the crowds and cram into the tube cars with everyone else, I offer a less stressful alternative–go shopping!

Just outside the Olympic Park is Westfield Stratford with tons of incredible shopping. You really can’t miss it–it is a massive shopping center and has lots of really big Visa advertisements throughout.  As a special treat for travelers, many of the shops are well into the spirit of the London 2012 Olympic Games and have special promotions and displays supporting their teams and the games.

Our recent data indicates that global visitors spent more than $700 million on their Visa accounts in the opening week of London 2012. So skip the initial tube crowding, relax a bit and go shopping!

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Posted by: Lucas Mast, Visa Corporate Relations on August 3, 2012 at 4:09 am