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Visa research: UK households set to spend £63.4 billion on international travel by 2025

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A new study commissioned by Visa forecasts significant growth in international travel by UK households in the next decade. UK spend on global travel is predicted to reach £63.4 billion in 2025, up 58% on 2015. On average, each UK household is set to spend £9,300 annually by 2025, up from £6,500 in 2015. The study, conducted with Oxford Economics, looked at current travel patterns of Visa-branded cardholders across the globe combined with industry estimates and forecasts for travel. According to the study, the UK will rank as the 2nd highest spenders on foreign travel in Europe by 2025, just slightly behind Germany, and the 4th globally. Read more here.

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