Within the past five years, global tourism has reached new heights. International tourists now account for more than 1 billion travel arrivals and $1 trillion in spending abroad1. Over the next 10 years, the growth in travel spending is broadly expected to outpace the global economy.
Visa Performance Solutions provides unique insights into this new and emerging world of travel. Drawing on the power of the world’s most advanced payment network and billions of transactions flowing through VisaNet every day, Visa can help you better understand—and take advantage of—the key trends in global travel and tourism affecting your business and customers.
Using Visa transactions, Visa Performance Solutions employs sophisticated data analysis methods to monitor:
- Spending patterns across major purchase categories
- Near real-time views into spending across regions, countries and major cities
- Cross-border flow of travelers and differences in their spending habits
We also provide detailed travel and tourism forecasts to 2025 for 50 of the largest source markets in global travel today. Projections are derived from travel patterns of Visa-branded cardholders across the globe, combined with household and travel forecasts from Oxford Economics.
1 United Nations World Tourism Organization.