The travel sector outperformed most parts of the leisure and hospitality industries last month despite spend growth with agents dropping to its lowest level since August 2023, according to Barclays’ latest analysis.
Working alongside Citizens Advice Manchester, Abta LifeLine managed to write off or delay £100,000 of debt in 2024 (Credit: iStock)
Card transaction data shows spending on travel rose 4.7% year-on-year during the four weeks between 20 April and 17 May, making it the third-highest spend growth area after digital content and subscription and ’other’ travel services.
The overall growth in all consumer spending was just 1% – the smallest rise reported since February 2021. The industry felt the pinch of rising household bills as travel agent and airline spending growth was down compared to the previous month.
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