Articles tagged “spending”

Tourism

The Emergence of a New Chinese Traveler: A Skift Deep Dive

Sure, the world has missed Chinese tourists for far too long, but if you are a destination looking for that one elusive answer to what the new Chinese traveler will look like, we recommend you stop now.

Peden Doma Bhutia | 2 weeks ago

The Emergence of a New Chinese Traveler: A Skift Deep Dive

News Blog

International Travelers to the U.S. Spent Over $160 Billion Last Year, Nearly Double From 2021

International inbound travelers spent nearly $163 billion on U.S. travel and tourism-related goods and services in 2022, up 96 percent from 2021, according to the National Travel and Tourism Office’s latest monthly data. On average, international travelers spent more than $445 million a day in 2022. The month of December saw international spending on travel…

Dawit Habtemariam | 1 month ago

Tourism

Mastercard Warns Travel Demand Will Hit a Peak Slowing Revenue Growth

A looming worldwide recession will likely put a dent in the pent-up demand for travel that many experts had believed wasn't going to decrease in the near future.

Niket Nishant, Reuters | 2 months ago

Mastercard Warns Travel Demand Will Hit a Peak Slowing Revenue Growth

News Blog

Spending by International Visitors to U.S. Rises 57 Percent to $16 Billion 

International visitors spent $15.9 billion on travel to, and tourism-related activities within, the U.S. in November, up 57 percent year over year, according to the National Travel and Tourism Office.  That's an improvement from November 2021, but it's billions of dollars down from international visitor spending in pre-pandemic November 2019, which had $20 billion. From…

Dawit Habtemariam | 2 months ago

News Blog

International Travelers to U.S. Spent $16 Billion in October, a New Recent High

International inbound visitors spent more than $15.8 billion on travel to, and tourism-related activities within, the United States in October, making it the highest monthly level of spending since Covid struck in February 2020, according to the National Travel and Tourism Office.  Year to date international travel spending has accumulated to $129.9 billion, up more…

Dawit Habtemariam | 3 months ago
Free Read

Business Travel

Executive Q&A: Providing Innovative Solutions to Support Today’s Business Travelers

Business travel recovery trends differ by company size and sector, but regardless of their circumstances, organizations large and small are seeing now as a critical time to reconsider return on investment of business travel, to update their approach to sustainability and traveler well-being, and to digitize and automate the travel and expense process.

American Express + Skift | 3 months ago

Executive Q&A: Providing Innovative Solutions to Support Today’s Business Travelers

Tourism

Inbound Travelers to U.S. Spent $802 Million Less in September Than Outbound Travelers

The U.S. is literally leaving millions of dollars on the table each month that the State Department fails to reduce exploding visa wait times.

Dawit Habtemariam | 5 months ago

Inbound Travelers to U.S. Spent $802 Million Less in September Than Outbound Travelers

Travel Booking

Mastercard’s Weak Forecast Overshadows Upbeat 3rd Quarter Boosted by Travel

While credit card companies continue to benefit from the travel rebound, Mastercard's earnings call might be a reality check for industries that rely on discretionary spending.

Manya Saini and Niket Nishant, Reuters | 5 months ago

Mastercard’s Weak Forecast Overshadows Upbeat 3rd Quarter Boosted by Travel

Business Travel

American Express Preps for Downturn Despite Boost From Travel Spending

Concerns about economic headwinds are real for American Express, but it is still forecasting a great full-year — thanks to surging leisure and business travel.

Mehnaz Yasmin and Niket Nishant, Reuters | 5 months ago

American Express Preps for Downturn Despite Boost From Travel Spending

Tourism

Mastercard Warns Inflation May Soon Slow the Travel Spending Bonanza

The payment network saw cross-border volumes jump 58 percent in its second quarter, but don't expect the spending surge to carry on.

Niket Nishant, Reuters | 8 months ago

Mastercard Warns Inflation May Soon Slow the Travel Spending Bonanza