Credit-card spending by consumers on overseas travel sees sharp increase: Krungsri

The spending volume through Krungsri credit cards in the first five months of this year amounted to 90 billion baht, an increase of 13%. Credit-card spending, especially travel-related, has increased steadily since the end of last year. Japan remains the most popular overseas destination for Thais, Krungsri said.

According to Krungsri Credit Card managing director Somwang Toraktrakul, credit-card spending in Japan during the first five months of this year reached 860 million baht. The top spending categories were: department stores; fashion and apparel; hotels and accommodation; cosmetics and miscellaneous products; and domestic transportation and public transportation.

The average spending per person was around 20,000 baht, reflecting a growth of 100% compared to 2022 and highlighting the potential for market growth among travel enthusiasts and products/services related to…