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Visa awarded as the ‘World’s Leading Card’ at World Travel Awards

Based on a worldwide online poll of more than 167,000 travel agencies and front-line travel agents across more than 160 countries, Visa Inc. (NYSE: V) has been named the “World’s Leading Credit Card” by the 2008 World Travel Awards (WTA).

The World Travel Awards honors leading travel-related organizations in worldwide and regional categories, which range from airlines, hotels, beaches and cruise lines to credit cards, car rental companies and hotel reservation services. Visa and other payment brands were evaluated against criteria including scope of distribution, convenience and overall services.

“Visa is honored to be recognized once again by one of tourism’s most prestigious awards programs,” said Vicente Echeveste, Global Travel and Tourism Lead at Visa Inc. “Through our continued partnership with the tourism industry, we’re focused on promoting sustainable growth by delivering payment systems that offer value to travelers, businesses and communities.”

“Visa has been the favored card for international tourism for more than a decade, despite intense competition,” said Graham Cooke, president and founder of the World Travel Awards. “We’re pleased to recognize the consistent and unsurpassed value that Visa delivers to travelers and tourism providers worldwide.” Read the full story

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Visa Study Shows Canada and Mexico are Top Destinations for Americans Traveling Abroad

The dollar’s decline hasn’t dampened enthusiasm for travel abroad among large numbers of Americans – but it has shortened the distance they are willing to travel, according to a new survey from Visa.

The survey, which polled only U.S. payment cardholders who had traveled outside the U.S. in the past three years, found that two out of three respondents (63 percent) are equally or more willing to travel compared with one year ago. And half said they are likely to take a trip abroad in the next 12 months. For those travelers, Canada and Mexico are their most likely destinations outside the 50 states.

Americans remain enamored with travel: 74 percent of respondents who said they are not traveling internationally in the next year are interested in traveling overseas in the future.

“Americans love to travel; it’s hard to keep them at home,” said Vicente Echeveste, Global Travel and Tourism Lead at Visa Inc. “Even though Americans aren’t going as far this year, the fact that they continue to exhibit a strong willingness to travel overseas reinforces international tourism as a strong driver of global economic growth.” Read the full story

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