Business and Economic Insights
How is household spending changing?
The Visa Spending Momentum Index (SMI) is a new economic indicator that helps gauge the health of consumer spending and overall participation by consumers in the economic recovery. The index is based on current, depersonalized transaction data from a sample of Visa-branded credit and debit credentials, representing actual spending behavior by millions of consumers. Additional sub-indexes are available on a subscription basis to eligible Visa clients for greater business intelligence.
Strong midyear global travel likely but destination mix may be changing
Global travel has steadily increased through 2023, priming the summer travel season for further gains.
China’s reopening sets global travel on path to full recovery in 2023
Three years after the World Health Organization designated COVID-19 a global pandemic, a full recovery is finally in sight for the global travel and tourism industry—the earliest and hardest-hit sector of the economy.
Bath is latest travel destination to benefit from popular TV show
An increase in visitors to Bath, England—where the Netflix TV series, Bridgerton, was filmed—appears to have aided travel recovery to the region, according to an analysis of data from the Visa International Travel (VISIT) platform.
Popularity of fashion resale apps signals growing adoption of circular economy
With sustainability, affordability and responsible consumption top of mind, consumers worldwide are embracing the circular economy.
Weekends are the new weekdays for restaurants, as remote work alters traffic to urban centers
The rise of remote work is changing consumer spending patterns in major cities.
Canada’s solitary revolution: Rise of single-person households creates business opportunities
With single people now accounting for one-third of Canadian households, merchants are tailoring products and services to this growing demographic.