UK: Spending with travel agents continues to grow
According to the Barclays UK Year End Consumer Spend Report, consumer spending with travel agents increased by 7.5% year on year
Agents experienced the highest year-on-year growth in total transactions of all sectors tracked by Barclays, with a 17.8% increase in December. This marked an acceleration from the 15.6% year-on-year growth recorded in November.
Key takeaways
- The travel sector as a whole recorded a 4.7% year-on-year increase in spend in December, accompanied by a 3.4% increase in total transactions. This puts the growth achieved by travel agents above the broader industry average;
- These figures highlight a positive trend for the travel industry, despite challenging economic conditions in 2024;
- Notably, consumer card spending remained flat in December, with Barclays attributing the shift to Brits cutting back on essential spending, such as food, to prioritize spending on travel and entertainment.
Get the full story at TTG