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Visa Inc. Annual Report Shows Spending Increases for Travellers Taking Mexico Holidays

Findings of the report, Tourism Outlook: Mexico, carried out by Visa Inc. have revealed the way that tourists spent their money during Mexico holidays over the last two years, which showed that the Visa cardholders spent $4.4 billion in 2010.

Visa Inc. Annual Report Shows Spending Increases for Travellers Taking Mexico Holidays

Visa Inc. has released findings of their annual report, Tourism Outlook: Mexico which shows that international visa cardholders taking Mexico holidays increased by 12 per cent from 2009 to 2010.

The report analysed the spending habits of Visa cardholders over the past two years and revealed that spending increased from $4 billion in 2009 to $4.4 billion in 2010, despite the global economic crisis.

Eduardo Coello, Country Manager of Mexico, Visa Inc., said: "Mexico has continued to make its mark on the global tourism landscape as a sought after destination.

"Over the past few years, Visa has worked closely with organizations within the Mexican tourism industry to analyse proprietary Visa spend data to help prioritize tourism policy and implement business and marketing practices that will best attract visitors and strengthen tourism competitiveness."

The majority of travellers who took holidays in Mexico in 2010 were from the United States according to the report, with American tourists spending over $3.1 billion on their Visa cards; a seven per cent increase on 2009. During 2010, Canadians spent $538 million; Spain, $102 million; France, $89.8 million; and the United Kingdom, $83.3 million.

During their Mexico holidays in 2010, international travellers who used their Visa cards spent nearly $2.3 billion on clothing, food and general retail purchases. Figures from the report show that 17 per cent of all purchases made by Visa card were spent on lodgings such as Mexican or Cancun hotels; seven per cent on entertainment and other travel methods; five per cent on local restaurants; and four per cent on airlines.

Holidays in Cancun are amongst one of the most popular choices for many travellers with an array of luxury Cancun hotels and resorts, beaches and historical Mayan ruins and heritage sites.

During Cancun holidays, tourists can explore the historical Mayan sites including the large Chichén Itzá Archaeological Site; visit the beautiful islands of Cozumel and Isle Mujeres; bathe, snorkel or scuba dive in the sparkling turquoise waters of the Caribbean Sea; walk along soft powder white sand beaches; trek through lush tropical forests; and explore the region’s breathtaking wildlife within nature reserves that include the eco-archaeological park, Xcaret, the Rio Secreto Natural Reserve and Sian Ka'an Biosphere Reserve.

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