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New data shows 'strongest performance' in travel spend since pandemic start

Economy
Will Payne
9 November 2021

Spending on international travel saw its strongest performance since before the start of the pandemic in October, according to new consumer data from Barclaycard.

Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022

Travel agents and airlines saw smaller contractions of 26.9% and 28.1% respectively in October, compared to a decline of 45.4% and 49.5% in September.

Barclaycard described the statistics as "encouraging news" for the travel sector, as overall consumer card spending grew by 14.2% last month compared to October 2020. 

Jose Carvalho, head of consumer products, said the "expensive festive period" combined with "ongoing concerns around the impact of inflation and supply chain shortages" has led to a "steady yet cautious" spending from consumers in October.