Credit card company, Visa, reported Visitors for the Olympics spent $115 million
By Gordon Hamilton, Vancouver
The Olympics which lasted for 17 days proved to be a great boost for the economy of Canada. In Visa alone, the Olympics added $115 usd to the B.C. in international spending, as figures revealed by the credit card company Tuesday.
Andrew Woodward, Visa’s head of marketing and sponsorship communications said that the Olympics is a proof point of what they said about the economic benefit of the Olympics. In the same 17 days last year, foreign visitors spent $55. The figure shows twice more than what was normally spent by visitors on the same period.million in the B.C. that’s a difference of $60 million usd. The total spending during the Olympics breaks down to approximately $6.8 million per day during the commencement of the games.
The Americans spent the most with $61.1 million, followed by China at $7.8 million, then U.K. at $5.1 million and the Russian Federation in the 4th place with $4.3 million dollars spent.
Visa is the real winner for the profits because Visa has monopolize all credit-card transactions at the venues of the Olympics. They, however, gave a breakdown of the spending on all credit card transactions, listing travel, accomodation, restaurants, retail sale, and entertainment taking 92% of all business transactions during the games.
Woodward reported that most of money came from people who were at official venues as well as people who were at restaurants and hotels.
VIA Vancouver Sun
Keyword: Credit Card
By Gordon Hamilton, Vancouver
The Olympics which lasted for 17 days proved to be a great boost for the economy of Canada. In Visa alone, the Olympics added $115 usd to the B.C. in international spending, as figures revealed by the credit card company Tuesday.
Andrew Woodward, Visa’s head of marketing and sponsorship communications said that the Olympics is a proof point of what they said about the economic benefit of the Olympics. In the same 17 days last year, foreign visitors spent $55. The figure shows twice more than what was normally spent by visitors on the same period.million in the B.C. that’s a difference of $60 million usd. The total spending during the Olympics breaks down to approximately $6.8 million per day during the commencement of the games.
The Americans spent the most with $61.1 million, followed by China at $7.8 million, then U.K. at $5.1 million and the Russian Federation in the 4th place with $4.3 million dollars spent.
Visa is the real winner for the profits because Visa has monopolize all credit-card transactions at the venues of the Olympics. They, however, gave a breakdown of the spending on all credit card transactions, listing travel, accomodation, restaurants, retail sale, and entertainment taking 92% of all business transactions during the games.
Woodward reported that most of money came from people who were at official venues as well as people who were at restaurants and hotels.
VIA Vancouver Sun
Keyword: Credit Card
