Figures show the travel sector once again bucking the trend of cautious spending as the cost of living crisis continues to bite. Spend and transactions on airline fares grew more than 34% year on year in the period from 22 April to 19 May. Travel agents saw transactions grow 19.9%, with spend up 9.9%. In comparison, across all sectors, card spend increased by just 3.6% in May.
Spending with agents and airlines continues to outpace all other sectors
Business
Gary Noakes
6 June 2023
Spending on airfares and with travel agencies took another big leap last month, according to transaction data from Barclays, outpacing all other ares of consumer spend.
The squeeze on household finances is not affecting travel purchases, says Barclays
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