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A rise in travel spending
May 20th, 2014 by elisa

Positive growth for the travel industry as Mastercard Advisors report a rise in travel spending in three out of the first four months of this year.

Group head and senior vice president at Mastercard Advisors, Sarah Quinlan, said sales growth has been rising steadily throughout the early part of 2014, which is “a vast improvement” on 2013 overall.

The sunny weather and rising wages in April have made a positive impact on the travel sector.

“Travel businesses in the UK should be encouraged by the positive sales growth in April,” she said.

“As the economy strengthens we would expect to see momentum build this year with consumers becoming confident to spend hard earned wages on summer holidays or short city breaks rather than saving everything for a rainy day.”

Overall, retail sales are up 5.5% year-on-year in April, however, Quinlan still warns that any increased travel expenditure will be gradual, as wages have only shown slow improvement and discretionary spending on travel is still a luxury for many.


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