2014 is set to be a good year for the travel money market, as improving financial confidence means that people are more willing to spend money travelling abroad on holiday and are more relaxed in spending money while there. The industry is expected to become increasingly competitive, as providers look to gain from the upturn in consumer sentiment.

However, despite improvements in consumer confidence, most people still have a cautious mind-set when spending, looking for deals and the best value for money. The recovery is still in in its early stages, and spending is still well short of pre-recessionary levels. Brands that have positioned themselves as representing value for money are therefore likely to benefit the most from growth in the market.

This report examines the main issues and developments affecting the travel money market. It provides analysis of overseas holiday trends, credit and debit card spending trends and the key market drivers. In addition, there is analysis of overseas spending and a forecast showing the expected growth over the next five years. Mintel’s exclusive consumer research provides insight into attitudes towards foreign currency, payment cards and pre-paid travel cards.

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