Visa cardholders spend 22% more<\/p>\n
JAKARTA (JP): Visa cardholders from overseas spent a total of
\nUS$287 million in Indonesia in the year to Sep. 30 last year, 22
\npercent more than the previous year, Visa International said in a
\npress release yesterday.<\/p>\n
Of the total, 55-percent was spent by cardholders coming to
\nIndonesia from other Asia-Pacific nations.<\/p>\n
Visa also said in the statement that Indonesian Visa
\ncardholders spent $277 million overseas in the 12-month period,
\nup 21 percent from the previous year.<\/p>\n
Indonesian Visa cardholders spent most when they traveled in
\nthe Asia-Pacific region. About $175 million, or 63 percent of the
\nworldwide total was spent in the region, followed by $54 million
\nspent in the United States and $44 million in Europe.<\/p>\n
Within the Asia-Pacific region, the top three spending
\ndestinations for Indonesian Visa cardholders were Singapore,
\nwhere $99.6 million was spent (up eight percent); Hong Kong,
\n$30.5 million (up 10 percent); and Australia, $20.6 million (up
\n50 percent).<\/p>\n
Spending by Indonesian Visa cardholders increased most in
\nAustralia, up 50 percent to $20.6 million, spending in Malaysia
\nwas up 36 percent to $5.4 million and up 35 percent in the
\nPhilippines to $1.6 million.<\/p>\n
The latest breakdown of travel spending by Visa International
\nAsia-Pacific shows that the biggest spender in Indonesia were
\nVisa cardholders from Japan, who used their cards to buy products
\nand services amounting to $62.4 million in the period, figuring a
\n24-percent up on the previous period.<\/p>\n
The second biggest spenders were Singaporeans, who spent $35
\nmillion in Indonesia, up 20 percent from last year. Australian
\ntravelers spent $17.5 million, up 25 percent from the year
\nbefore.<\/p>\n
In terms of growth, the largest spending increases among the
\nAsia-Pacific cardholders who used Visa in Indonesia were recorded
\nby visitors from the Philippines, up 150 percent to $480,000,
\nIndia up 109 percent to $102,000 and Korea up 45 percent to $5.8
\nmillion.<\/p>\n
The highest Visa total in the region for visitor spending was
\nHong Kong, with $1.6 billion (up 22 percent), followed by
\nAustralia with $940 million (up 30 percent) and Singapore with
\n$803 million (up 17 percent), the statement said. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/visa-cardholders-spend-22-more-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}