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.


 


Arab News




  MENA News Headlines
 Jun 25 2016 - Clouds Interiors, an Interior Design Company in Doha Qatar, is Now Offering Office Interior DesignsMENAFN Press
(MENAFN Press) --> DOHA, Qatar, June 25, 2016 /PRNewswire/ -- The founders of Clouds Interiors, a company that offers interior design Qatar business owners can rely on, are pleased to announce that ...

 Jun 25 2016 - IOM Responds to Malaria Upsurge in Bentiu, South SudanMENAFN Press
(MENAFN Press) IOM Responds to Malaria Upsurge in Bentiu, South Sudan GENEVA, Switzerland, June 24, 2016/APO (African Press Organization)/ -- IOM is scaling up resources to respond to an upsurge in ...

 Jun 25 2016 - Mediterranean Migrant Arrivals in 2016: 214,861 Deaths: 2,861MENAFN Press
(MENAFN Press) Mediterranean Migrant Arrivals in 2016: 214,861; Deaths: 2,861 GENEVA, Switzerland, June 24, 2016/APO/ -- IOM reports an estimated 214,861 migrants and refugees entered Europe by sea ...

 Jun 25 2016 - New Fantasy Novel by D.L. Jordan Hailed as the Next Harry PotterMENAFN Press
(MENAFN Press) The Genesis of Destiny, a book by author D.L. Jordan is being compared to Harry Potter and is set to captivate young adults and adults alike. The Genesis of Destiny: Book 1: The ...

 Jun 25 2016 - SCOTUS Ruling on SDVOSBVOSB Companies Serving the Dept of Veterans AffairsMENAFN Press
(MENAFN Press) SCOTUS Ruling on SDVOSB / VOSB Companies Serving the Dept of Veterans Affairs Centered by Patient Care, Driven by Innovation Veterans Serving Veterans Our team has decades of ...

 Jun 25 2016 - Adipic Acid Market Research Value Analysis and Forecasts to 2021MENAFN Press
(MENAFN Press) Adipic Acid Market Research Value Analysis and Forecasts to 2021 ReportsWeb added report on "Global Adipic Acid Consumption 2016 Market Research Report'', the report comprises ...

 Jun 25 2016 - Jordan to sign deal with EU for energy projects at USD101.51mnMENAFN
(MENAFN) Jordan will sign a deal with the EU granting the kingdom almost USD101.51mn in order to support renewable energy projects.Furthemore, the grant will fund the second phase of the renewable ...

 Jun 25 2016 - Egypt's rubber exports decline by 29 percentMENAFN
(MENAFN) Egypt's exports of rubber dropped by 29 percent to USD16.5mn in Jan-March period of this year against USD23.08mn of 2015.Accordingly, almost 10 companies captured 99.2 percent of whole ...

 Jun 25 2016 - Qatar Exchange to develop ties with regional univirsitiesMENAFN
(MENAFN) Qatar Exchange will enhance and spread its collaboration with local institutions of higher studies, involving leading univrsities and colleges.Moreover, the collaboration will be by ...

 Jun 24 2016 - Saudi Arabia's Sovereign Ratings and 'Negative' Outlook AffirmedMENAFN Press
(MENAFN Press) 24th June 2016 Saudi Arabia's Sovereign Ratings and 'Negative' Outlook Affirmed RATING ACTION Capital Intelligence Ratings (CI Ratings), the international credit rating ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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