Visa Study Projects Households Traveling To Exceed 280 Million Globally By 2025

Visa Inc. (NYSE: V) revealed Thursday the results of a fresh study that forecasts a significant growth in global travel by households in the next decade at the international level. According to the company, the study estimates that roughly 282 million households would plan at least one international trip a year by 2025. This is close to 35% higher than what was witnessed in the year 2015.Visa said that the study looked at existing travel patterns of Visa-branded cardholders throughout the globe combined with industry estimates and forecasts for travel. Accordingly, among those households most likely to travel globally, the company's study projects that spending would reach an average of $5,3051 per household, per year, by 2025. The card processing firm's study also identified key drivers to impact global travel over the next decade. That included a growing middle class globally, greater Internet connectivity, improved transportation infrastructure across many countries, and an aging global population with more time for leisure travel.Visa's Chief Economist, Wayne Best, commented, "Traveling internationally will become more common and attainable in the future thanks to changing demographics, combined with technology advances that make traveling abroad easier and less expensive. What will emerge is an expanding "traveling class" that will spend a growing portion of their household income on cross-border travel. Tomorrow's traveling class will likely be older and hail from emerging markets — looking very different from today's typical international traveler."On Thursday, the stock traded 0.72 percent down.