Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Travel » Globetrotters Plan to Increase Spending

Globetrotters Plan to Increase Spending

Add to Favorites:
Globetrotters Plan to Increase Spending
August
23

International travelers plan to spend more next time they take a trip and they are increasingly leaving cash behind and using credit cards to fund their vacation splurges, according to the Global Travel Intentions Study commissioned by Visa.

People heading to foreign destinations are ready to shell out more on their next adventure—40% more than last time they traveled internationally. And more people are packing plastic with their toothbrush, citing ease of use and concerns about security and overspending. Four out of five survey respondents said they prefer to use a credit card instead of cash when traveling.

Favorite places to pull out those cards include restaurants and shops–29% of travelers say dining takes up the majority of their vacation budget while 24% say shopping accounts for the bulk of their spending.

Acting as their own travel agents

Travel agents have gone the way of dinosaurs with four out of five respondents booking their own trips online rather than relying on one.

For the 79% of people who go to the Internet to plan their vacations, travel review sites are indispensable. They browse multiple service provider websites, and say the decision to book through one site over another comes down to price. They are also influenced by other travelers. More than half take online reviews by fellow travelers into account.

When planning their travels, more than half of folks surveyed use online reviews to guide them, and 38% say that a destination rich in cultural experiences is at the top of their priority list. About a third said the weather is a major factor in choosing a vacation destination. They also like to stay close to home, which is why Mexico was one of the top foreign destinations for U.S. travelers.

The study was conducted at the end of last year and included responses from 12,631 people over 18 from Asia, Africa, Europe, North America and South America.

Add to Favorites:

Related News:

Visa Dominates the Co-branded Travel Credit Card Market

By Dar Dowling, Posted: August 28, 2013

Visa is the top network for airline and hotel credit cards in the U.S., according to a new study on travel loyalty cards. Continue reading
Shoppers Plan to Blow Budgets on Big-Ticket Items

By Elizabeth Nelson, Posted: October 04, 2013

With the end of the year in sight, people are taking stock and deciding how much they can afford to spend from now through the end of the holiday season. According to a recent survey, many of them are feeling confident about their ability ... Continue reading
Prom Budget Plummets

By Elizabeth Nelson, Posted: April 16, 2014

Prom season is fast approaching, but the average household with a teenager planning to attend the big dance is not budgeting quite as much for corsages, limos and attire this year. According to Visa’s annual prom spending survey, American ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit
For Excellent/Good Credit
For a limited time, earn 50,000 American Airlines AAdvantage® bonus miles after making $3,000 in purchases within the first 3 months of account opening
For Excellent/Good Credit
$250 Air Travel Credit each year
For Excellent Credit