Holiday in Japan: Payment behavior shows how the Swiss travel

Thanks Strong Frank Holidays for people in Switzerland are now particularly cheap compared to many other countries. Current analysis shows that the Swiss spent significantly more money last year, particularly in Asia, Australia and Oceania.

Financial services provider Swiss Bankers analyzed the card issues. About half a million people use the provider's travel card. The analysis was exclusively presented 20 minutes ago.

Most important findings:

More than a quarter of travel spending in 2023 was made in this country (25.9 percent).

Next to Switzerland are the following countries at the top. Everyone in Europe except the US:

Remote destinations are becoming popular. In 2023, the Swiss spent significantly more money than the previous year, especially in Asia. Japan was the absolute trend destination with the largest increase of 115 percent.

According to the authors of the study, one reason for the increase in intercontinental travel is the catch-up effect after the corona period, as travel options are severely limited in many countries.

At the bottom of the ranking of travel destinations, sorted by transaction amounts, are exotic destinations. In no other country do the Swiss spend less than in Greenland.

At 26.3 percent, Swiss tourists mostly use their travel money to shop globally and pay locally. This was followed by travel expenses on hotels, flights and transportation (20.9 percent) and restaurants (6.9 percent).

Before a vacation, many travelers order banknotes in foreign currencies to take home from their bank. By 2023, the demand for this service has increased by 19.6 percent.

The most popular are US dollars. The currency is accepted in many parts of the world. The Japanese yen (up 210 percent) is also in high demand, confirming the trend in Japanese travel. The dirham entered the top ten, indicating Dubai's growing popularity as a travel destination.