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PRESS RELEASE

12 May 2025 | Purchase, NY

 

Mastercard Economics Institute: What moves us? The motivations behind global travel in 2025


   

Passions and purpose-driven motivations remain strong drivers shaping the travel industry.


The Mastercard Economics Institute (MEI) today released Travel Trends 2025, its annual report with unique and proprietary consumer spending insights globally. While exchange rates and geopolitical dynamics can influence consumer behaviour, the report highlights that passions and purpose-driven motivations remain strong drivers shaping the travel industry.

Drawing on a unique analysis of aggregated and anonymised transaction data and third-party data sources, the report uncovers what is shaping travel choices today. Key findings include:

Sports fandom fuels travel

MEI examined spending around three major sporting events[1], proving them as powerful catalysts for travel: 

  • Champions League Final in London: Real Madrid’s victory over Borussia Dortmund led to a 61% YOY increase in German spending, outpacing the overall increase of 14%. Spanish spending spiked by 148% YOY, suggesting fans celebrated by splurging.

  • Baseball World Series in Los Angeles: Shohei Ohtani’s World Series debut saw spending by Japanese visitors surge by 91%, six times the cross-border boost. 

  • Copa Libertadores Final in Buenos Aires: The rise in spending from Brazilian tourists, where both teams hailed, was more than twice the increase from all foreign countries. 

Purpose-drive travel for wellness, adventure and foodie experiences

The Wellness Travel Index (WTI), developed by MEI to highlight destinations leading the way for wellness experiences and self-care[2], has Namibia, South Africa and Thailand topping the list with offerings like eco lodges and meditation retreats. The rising WTI score for Italy, New Zealand and Canada suggests a growing effort to meet this popular trend.

For adventurers, MEI analysed how commerce at major national parks is contributing to overall tourist expenditures.[3] Established wilderness giants, South Africa and Zambia, show the highest national park spending as a share of total cross-border, 23.3% and 15.5% in 2024, respectively. In close third, travellers are heading to the Nordics, where Finland’s national parks account for 7.1% of total cross-border spending.

The number of nationalities seeking local cuisine provides insight into destinations appealing to the foodie-traveller. MEI found that Istanbul's restaurants hosted tourists from 67 countries in 2024, the highest among 43 cities measured. Cannes, Interlaken, Gianyar and Barcelona follow in the top five.

Currency can affect travel, but it varies regionally

In 2024, currency depreciation drove visitors in search of value to Japan, where a 1% JPY depreciation against the RMB led to a 1.5% increase in Chinese Mainland tourists. However, visitors from New Zealand and the U.S. rose only around 0.2% in response to the same degree of depreciation relative to their currencies.

Corporate travel is less frequent, but trips are longer

According to MEI, U.S. and UK corporate flight bookings show the average business trip now lasts longer than before the pandemic. For U.S.-based travellers, trips to the Asia-Pacific region increased from 8.8 days[4] to 10.[2] days[5] and trips to Europe grew from 7.4 to 8.1 days. This trend applies to UK corporate travellers too, except for trips to Canada and the U.S., which shortened between 2020 and 2025.

Trending summer spots for 2025

Asia-Pacific commands the list of trending spots this summer[6] for global travellers, with eight destinations in the top 15. Tokyo and Osaka lead with the largest increases in travel bookings for June-September 2025 compared to last year. For American and Canadian travellers, Tokyo retains the top spot too, but beach destinations like San Juan, Kahului, Punta Cana, Tulum and Montego Bay are gaining popularity. Tirana, Albania gained the largest increase in European visitors — led by tourists from Italy — of any city in 2024[7].

“Global travel motivations go beyond economics,” said Michelle Meyer, chief economist at MEI. “When making the decision to travel, consumers are often seeking purpose and authenticity, along with value. Understanding these motivations is key to navigate the travel sector in 2025, especially during times of economic and policy uncertainty.”

Powering a safer, smarter travel ecosystem

According to MEI, fraud in popular tourist destinations spikes up to 28% during high seasons. Mastercard employs advanced fraud prevention technologies, including digital wallets and AI-driven systems, to protect travellers from scams. This ensures that travellers can focus on their journeys without worrying about security threats. Mastercard is dedicated to helping the global tourism sector welcome travellers through a range of services, from market analysis and high-frequency data insights that help make sense of changing consumer trends to customer engagement strategies that personalise the travel experience and drive brand loyalty.

Enhancing the cardholder travel experience

Mastercard elevates every journey with comprehensive travel benefits that bring ease, savings and peace of mind to both everyday purchases and global adventures. From discounted flights and car rentals to dedicated travel support and personalised recommendations, cardholders can explore with confidence. By visiting priceless.com, cardholders can also unlock exclusive experiences and valuable offers across travel, culinary, wellness and more.

You can view the full “Travel Trends 2025: Purpose-driven journeys” and other reports and insights from MEI here


Media contacts


Alyssa O’Brien, Director, Global Communications Alyssa.O’Brien@mastercard.com

 


About the Mastercard Economics Institute

The Mastercard Economics Institute provides insights into global and local economic trends using advanced analytics and Mastercard's proprietary data assets. Established in 2020, MEI supports businesses, governments and policymakers with economic monitoring services and timely analysis on economic themes including consumer spending, retail and travel trends and other local and global barometers of economic performance. MEI offers valuable perspectives to inform decision-making and promote sustainable growth worldwide through our thought leadership series and through Mastercard's specialised product offerings

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realise their greatest potential.

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