The bank’s card transaction data shows that overall spending on travel rose by 5.8% year-on-year during the four weeks from 23 March to 19 April, compared with the corresponding period in 2023. This was well above overall consumer spending growth of just 1.6%.
The number of travel bookings also increased by 6.5% year-on-year with the sector being boosted by the Easter holiday falling during this period.