The Middle East and North Africa (MENA) region has emerged as one of the main regions driving growth in affluent travel, recording high spends, while also displaying an appetite for sustainable eco-luxury and meaningful cultural experiences.
Partnership to help restore an estimated 1.5 million trees around the world
New insights from the Mastercard Economics Institute reveal that consumers are taking advantage of a more traditional travel ecosystem in 2023, prioritizing leisure travel and pioneering new corridors around the world. Released today, Travel Industry Trends 2023 delivers key insights about the global state of travel, punctuated by shifting economic landscapes, persistent consumer demands, and a reopening of mainland China.
According to , U.S. retail sales excluding automotive increased 7.6% year-over-year this holiday season, running from November 1 through December 24. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
Housing-Related Sectors Soften, Experiential Spending Drives Growth
Consumers Prioritize Experiences and Essentials in the Face of Economic Pressure
U.S., U.K, Switzerland, Spain and Netherlands top the list of most visited destinations - Cruises, buses and trains see strong spending rebound in 2022 as Covid restrictions loosen
Mastercard Economics Institute: U.K., U.S. and Australia Lead in New Small Business Formation, Which Grew 32% Year-over-year Glo...