Visa published a report predicting robust growth in international travel and associated spend over the next decade.
Highlights:
- 282 million households will plan at least one international trip per year by 2025, up 35% from current levels.
- Average spend will exceed $5,000 per trip
- Largest growth will come from markets with an expanding “traveling class” such as China (86%), Russia (118%), Brazil (106%) and Singapore (99%)
- Other contributing factors include an aging population, rising incomes in emerging markets, “medical tourism” and increased connectivity from 300+ new airports.
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