Categorized | Etcetera

20% RISE IN U.S. INBOUND TOURISM SPENDING…

Posted on 01 September 2010

A new report from Visa Inc. shows the tourism industry has begun to rebound during the first six months of 2010. From Jan. 1 to June 30 of this year, spending by international visitors to the U.S. on their Visa-branded payment cards was up 20% over the comparable period of 2009. At the same time, Americans are spending at higher levels when traveling internationally: Spending by U.S. travelers abroad on Visa cards was up 9.3% in the first quarter of 2010 compared to the same period in 2009. Total first-half visitor spending in the U.S. for Canada was $4.6 billion, up 22%; the U.K. was $1.2 billion, up 16%; Japan $387 million, up 3%; Mexico $819 million, up 24%; and Brazil $835 million, up 73%.

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