Visa Reports Us6m Spend For First Half Of World Cup

2nd July 2010

During the period leading up to the kick-off of the FIFA World Cup and the end of the group stage (Tuesday, June 1 through Friday, June 25), spending by international visitors in South Africa on Visa-branded payment cards exceeded US6 million (R1,33 billion), up 65% from US7 million (R810 million) during the same period in 2009. The number of transactions for that period was 1.3 million (51 000 per day on average), up 74% from approximately 730 000 (29 000 a day on average) during the same 25 days in 2009.

 

Visa spending data indicates that the United States, followed by the United Kingdom, Australia, Brazil and France, has been the strongest contributor to tourism spending to date. These five countries alone accounted for 47% of spending. Over 90% of spending was on typical leisure and business travel categories - accommodation, restaurants, retail, auto rental and air travel.

 

Visa provides the most widely accepted payment card in the world, meeting the needs of mobile consumers reaching for credit, debit and prepaid cards wherever and whenever they travel.  According to the 2010 South Africa Tourism Outlook report recently released by Visa Inc, international travellers using their Visa payment cards spent more than US.79 billion while visiting South Africa during 2009 and 6 million during the first quarter of 2010.

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