In the aftermath of the global pandemic, travel has seen a resurgence, and despite rising costs, the trend continues unabated. However, according to the 2023 US edition of the Visa Global Travel Intentions Study, although nearly three-quarters (73 percent) Americans surveyed are aware of the increased costs, only 6 percent of travelers plan to cancel or delay their plans.

The survey, which collected data from more than 37,000 interviews in 37 markets, found that US travelers reported spending an average of $4,204, with more than 60 percent of that total spent at purchases at their destinations. 

Among the survey’s other findings, US outbound travelers are prioritizing leisure. Americans traveling Internationally took an average of three international trips for around seven days, but Gen Z spent longer away at more than eight days. Australia, Canada, France and United Kingdom are top destinations for 2024. 

Meanwhile, more than half (52 percent) of the inbound travelers to the US plan another visit over the next year. Latin America, followed by Asia Pacific, top the list of travelers inbound to the US, while those from South Africa, Canada and India are most likely to book a return visit, according to the survey.,

When it comes to payment methods, the majority (74 percent) of US travelers on foreign trips see digital wallets as an integral part of the travel experience. The survey also found that 85 percent of travelers used their main domestic card when traveling internationally. 

Similarly, travelers to the US choose cashless options, with nearly all (98 percent) of survey respondents reporting they carry payment cards and over half (54 percent) using digital wallets. However, cash may still be necessary for certain purchases, and the survey found travelers are concerned with potential theft, cost of currency conversion and money left over in local currencies. Image: Shutterstock