Annual spend per US cardholder rises post-pandemic
- International spending returns to pre-pandemic levels in the UK
- Spending by USA cardholders increased between 2019 and 2023
- South West England, western Wales, and Scottish Highlands see highest seasonal spend
- Republic of Ireland’s spending recovered fastest due to Common Travel Area
- Chinese spending remains below pre-pandemic levels
- Australian spending most affected but showing strong recovery
- USA cardholders’ annual spend per card increased from £72.43 to £83.60
According to the Office for National Statistics (ONS) and Visa, international spending in the UK has returned to pre-pandemic levels, particularly during peak season in August. Spending by USA cardholders increased from £72.43 to £83.60 annually. South West England, western Wales, and Scottish Highlands see the highest seasonal spend from international tourists. Irish spending recovered quickly due to the Common Travel Area, while Chinese spending remains below pre-pandemic levels. Australian spending was most impacted but showed a strong recovery. USA cardholders account for 24% of UK’s international spending.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information based on data from the Office for National Statistics (ONS) and Visa. It presents a clear picture of international spending trends in the UK post-pandemic, with specific examples of spending patterns from different countries. The article also includes relevant comparisons between pre-pandemic and post-pandemic spending habits.
Noise Level: 6
Noise Justification: The article provides relevant information about international visitor spending in the UK after the Covid-19 pandemic and offers some insights into spending patterns by different countries. However, it could benefit from more analysis or context on the reasons behind the changes in spending trends and a broader discussion of the implications for the UK economy.
Financial Relevance: Yes
Financial Markets Impacted: Tourism industry and international spending
Financial Rating Justification: The article discusses the recovery of international visitor spending in the UK after the Covid-19 pandemic, which impacts the tourism industry and affects various countries’ spending patterns. This information can be relevant for financial markets as it reflects the economic situation and consumer behavior in different regions.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in this article. It discusses the recovery of international spending by tourists in the UK after the Covid-19 pandemic.
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