The bank’s latest spending report, based on the period from 25 December 2023 to 19 January 2024, reveals spending on travel as a whole increased by 8.9% year-on-year last month, outpaced only by spending on digital content and subscriptions (11.4%) and “other services” (9.6%).
Spending with agents increased by 8% in January and with airlines by 9.3%, the new data showed. In December, spending on all travel increased by 14.1% year-on-year, while in November, it was up by 10.5% year-on-year.
The number of card transactions with agents and airlines also increased year-on-year in January – 10.8% with agents and 17.7% with airlines – suggesting many people turned out during the traditional peaks selling period to secure their getaways.
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