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This shows that Mr. and Mrs. Schweizer still like to stay in their home country. More than a quarter of travel spending in 2023 will be in Switzerland, the financial services provider writes in a study published Friday.
When it comes to crossing national borders, directly neighboring countries are the most sought-after destinations. France ranks first in transaction volume with 7.3 percent, followed by Germany with 7.1 percent. This is followed by Italy, England and Spain, while the USA ranks 7th among countries outside Europe.
Exotic travel destinations are not yet in the top ten, but remote travel destinations appear to be growing in popularity. Japan’s travel spending more than doubled, and Indonesia, the Philippines, Australia and Thailand also saw significant increases.
The travel destination that spent the least amount of money and therefore can be considered the most exotic country was Greenland in 2023. Last year the island of Vanuatu still retained this special “top spot”.
Swiss people spend most of their money on local shopping during their holidays, followed by travel expenses on hotels, flights and mobility. Almost 7 percent is spent in restaurants. Mobile payment is also becoming increasingly popular abroad; this option is by far most frequently used in the euro zone (69%), followed by the US dollar (17%).
However, when it comes to seasons, it turns out that the focus is no longer on classic summer holidays. Summer still ranks first with a 27 percent share of travel expenses, but spring and autumn with a 25 percent share and winter with a 23 percent share are also among popular travel times.
A popular service is still ordering banknotes to your home. In 2023, almost 20 percent more banknotes were requested for travel compared to the previous year. The US dollar was the most ordered, followed closely by the euro.
Frank comes in third place with a good 12 percent. While the British pound ranks fourth with 5.0 percent, the tendency to travel to Japan is also reflected in the yen ranking with at least 4.8 percent.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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