UK: Rebound in travel spend vastly outstripping other sectors

Further evidence that Brits are proving extremely reluctant to give up their holidays, despite the challenging economic environment

Apr 11, 2023

Spending on travel - particularly with travel agents - is continuing to rebound faster than all other areas of non-essential spend according to new data from Barclays, despite the ongoing cost of living squeeze.

Key takeaways

  • Consumer card spend on travel grew by 24.3% year-on-year in March, the single biggest increase of any of the 13 main sectors tracked by Barclays;
  • The uptick for travel was even more pronounced in terms of spending specifically with travel agents, which is up by 30.1%, and with airlines, up by 28.5%;
  • Travel also enjoyed the second highest year-on-year rate of transaction growth in March, 10.5%, with only motoring transactions running ahead (11.4%).

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