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.
Posted by: Lucas Mast, Visa Corporate Relations on March 20, 2013 at 5:29 am
Helping college students manage money is an issue for millions of families today. For Japanese student Sho Ninagawa and his parents, Sho’s opportunity to study abroad at the University of Colorado presented a unique challenge with respect to money management. How could they quickly and conveniently provide Sho with funds when needed? How could he avoid carrying large sums of cash? And how could they help him manage his spending?
A Visa Debit card provided the solution they needed. The account made it possible to conveniently deposit funds in Japan for his access in the U.S., as well as solve concerns about his safety and the security of making payments—no need to carry large sums of cash that put him at risk of loss or theft, and Visa’s security features protect Sho and his family from fraud. Plus, his spending could be tracked and managed, easing another parental concern.
We visited Sho and his parents to learn more about their experience with Visa Debit. See how it benefitted them in our video interview.
Posted by: Lisa Kimberlin, Global Corporate Relations on September 26, 2012 at 10:59 am
In Japan Visa Debit, having first launched in 2006, is still relatively new to consumers. In fact, many Japanese consumers do not know what Visa Debit is, nor where and how it can be used. To mark the launch of Visa Debit issuance by the fourth largest bank in Japan (Resona Bank) and raise awareness about the benefits of Visa Debit for daily money management, cash replacement and a everyday shopping, Visa recently hosted an event to educate Japanese bloggers in Tokyo.
More than 30 bloggers attended the event. Kyoko Yamaguchi, who often appears on TV programs as a financial advisor, delivered keynote remarks. She encouraged Japanese consumers to use electronic payments for daily money management. And, in other discussions throughout the day, one blogger remarked “I didn’t know about Visa Debit. But the security features like zero liability and security alerts respond to the security concerns I had about using payment cards.”
As we continue to educate Japanese consumers and opinion leaders about the benefits of debit cards and electronic payments in general, we’ll share more stories here.
Posted by: Akiko Kato, Visa Corporate Relations, Japan on September 20, 2011 at 9:39 am