Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GCC travelers to Brazil spend $500000 on Visa accounts  Join our daily free Newsletter

MENAFN - Arab News - 23/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Visa inc. a leader in global payments has released the visa everywhere travel report for the 2014 fifa world cup brazil which analyzes travel data and cross border spend on all visa products including credit debit and prepaid payment cards.

during the four-day opening period of the tournament (june 12-15 2014) visa found that gcc visitors spent more than 500000 on their visa accounts with the uae and saudi arabia making up 70 percent of the total.

this represents a five-fold increase over the same four-day period in 2013 and 47 percent more when compared to the opening four-day period of the confederations cup (june 15-18 2013).

the global attraction of the fifa world cup — and growing confidence and understanding of the convenience of electronic payment platforms — has combined to see the enormous increase in card usage from the gcc region. the gcc spendingwas part of a total spending of 27 million from global visitors to brazil during the 4-day opening period of the tournament.



visitors from the united states followed by the uk france and mexico represented the largest overall tourist spend in brazil during the four-day period. on saturday (june 14) alone international travelers to brazil spent more than 10.7 million using visa products. this was the highest tourist spend day in the country in 2014.

'these numbers reflect the significant impact that mega sporting events like the world cup can have in boosting local commerce in host market economies" said ihab ayoub gm for mena at visa.

'this positive trend aligns with brazil's expectation that more than 600000 international travelers may visit the country during this event — ultimately boosting the country's economy including a significant number from the middle east" he added.

MENAFN2306201400480000ID1093866822

 


Arab News




  MENA News Headlines
 Jan 17 2017 - Custodian of the Two Holy Mosques receives former German ChancellorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 19, 1438, January 17, 2017, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today ...

 Jan 17 2017 - Saudi- Custodian of the Two Holy Mosques receives members of Board of Directors of King Salman Social CenterSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 19, 1438, January 17, 2017, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today ...

 Jan 17 2017 - Saudi- Minister of Environment, Water and Agriculture receives President of International Fund for Agricultural DevelopmentSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 19, 1438, January 17, 2017, SPA -- The Minister of Environment, Water and Agriculture Engineer Abdulrahman bin Abdulmohsen Al-Fadhli received here today ...

 Jan 17 2017 - 'All my children are ready to sacrifice themselves'Khaleej Times
(MENAFN - Khaleej Times) Al Tunaiji, father of one of the diplomats martyred in Afghanistan, is proud of his son. Abdurrahman Al Tunaiji, father of the martyr, said he is so proud of his son who ...

 Jan 17 2017 - They bid him goodbye with tears and prideKhaleej Times
(MENAFN - Khaleej Times) The martyr was known for his good manners. Grief and tears took over the Emirate of Ras Al Khaimah on Saturday evening as crowds of Emiratis and expatriates flocked to the ...

 Jan 17 2017 - UAE- Sharjah Children Biennial beginsKhaleej Times
(MENAFN - Khaleej Times) SCB features 376 artworks submitted by 785 children from across the world ...

 Jan 17 2017 - UAE- Six injured in Sharjah hot air balloon crashKhaleej Times
(MENAFN - Khaleej Times) An investigation is underway to determine the cause of the accident. Six tourists have been injured in a hot air balloon accident in a Sharjah desert. The tourists are ...

 Jan 17 2017 - Turkish authorities capture main suspect in Istanbul attackSaudi Press Agency
(MENAFN - Saudi Press Agency) Istanbul, Rabi'II 19, 1438, January 17, 2017, SPA -- Turkish police Monday captured the man believed to be responsible for the New Year's Eve attack in Istanbul, which ...

 Jan 17 2017 - Saudi Ambassador to Mexico participates in Nicaragua's President inauguration ceremonySaudi Press Agency
(MENAFN - Saudi Press Agency) Managua, 19 Rabi'II, 1438,January 17, 2017, SPA -- Saudi Ambassador to Mexico and non-resident Ambassador to Nicaragua Hammad bin Ghanem Al-Ruwaili has recently ...

 Jan 17 2017 - Saudi- Jazan Boarder Guard Patrols Thwart Smuggling of Live ShotsSaudi Press Agency
(MENAFN - Saudi Press Agency) Jizan, Rabi'II 19, 1438, Jan 17, 2017, SPA -- Boarder Guard Patrols in Jazan region have managed to foil smuggling a quantity of live ammunition and arrest a number of ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help