VISA Spending Report as of 8/3/2012

Tourism is and continues to be one of the main drivers of revenue in and around the UK from the Olympic Games.  One challenge the city of London has faced so far was getting its citizens staying at home for the games rather than taking a holiday trip to avoid the traffic and masses of tourists. Reports on CNN are calling London a “ghost town” due to the number of locals that have left.

From being here, it seems like London isn’t at full capacity but there are still a good number of people in and around the city so CNN is a bit off in their report.

At the VisitBritain meeting today, we were informed that VISA recently came out with an update on Olympic spending to date on VISA cards, and it was reported some $700m was spent during the Olympics so far, a nice chunk of change. Lets see how that number changes in the next week or so.

Ryan Booth

Posted by olympian on August 3, 2012 | Filed under: Olympics.