MCE

Visa profit beats as payment volumes surge on travel demand

Oct 25 (Reuters) – Visa Inc (V.N) reported better-than-expected quarterly earnings on Friday as more Americans took advantage of a stronger dollar to fly to international destinations and splurge on shopping and entertainment. Upbeat earnings from Visa and rival American Express (AXP.N) further underscore the strength in U.S. consumer spending, which has largely managed to …

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Japan travel industry’s recovery depends on China reopening- Narita Airport CEO

TOKYO, Oct 18 (Reuters) – Japan is already seeing an increase in inbound travellers since relaxing its COVID-19 border controls last week, but a full recovery will remain elusive until China opens up, said the head of the country’s biggest international airport. Narita Airport chief executive Akihiko Tamura said a jump in overseas arrivals in …

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WRAPUP European airlines see travel withstanding consumer squeeze for now

BA-owner IAG says Q3 profit to beat expectations IAG says forward bookings show no signs of weakness EasyJet says Oct holiday, Christmas exceeding pandemic levels Ryanair sees average fares rising by more than expected Australia’s Qantas also sees higher profits LONDON, Oct 13 (Reuters) – British Airways-owner IAG (ICAG.L), Europe’s biggest airline Ryanair (RYA.I) and …

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Local tourism spending rises during China’s Golden Week despite lockdowns

BEIJING, Oct 7 (Reuters) – Spending on local tourism rose during China’s Golden Week holiday that ends on Friday, according to data from China’s largest online travel agency Ctrip, even as clusters of lockdowns continue across the country. Per capita tourism spending in local areas increased by 30% on-year during the Golden Week holiday, according …

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