Wednesday, July 14, 2010

VISA: foreign visitors came in force and spent in force

SHOOT: Trouble is that none of that spending on hotel accomodation really translates to service delivery or education for the poor. But perhaps, in time, something will filter through. More needs to be done directly though.
clipped from
Johannesburg - Payment card group Visa said on Wednesday spending by its foreign clients visiting South Africa in the lead-up and during the FIFA World Cup totalled R2.4bn.
Visa said the spending by its clients represented an increase of 70% compared to the same period in 2009.
About 2.2 million payments were made from June 1 to July 11 - 55 000 per day on average.
Visa highlighted that the United States (19.05%), followed by the United Kingdom (19.03%), Australia (4.7%), Brazil (4.2%) and France (3.4%) were the strongest contributors to visitor spending to date. 
These five countries alone accounted for 51% of spending, the group said.
Over 90% of spending was in typical leisure and business travel categories - accommodation, restaurants, retail, auto rental and air travel, Visa said.
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