The cross-border travel recovery continues at the pace we expected, indexing at 130 versus four years ago, a five-point improvement from Q1.

Apr 25, 2023 / CFO / receipt, needs a key / Vasant Prabhu, CFO | earnings call 2023-04-25 | transcript 13e74011-81af-4c63-8537-c5444e9c4f4f | chars 18569-18709 | segment 19

Asia is recovering. We're seeing some good trends in Asia. certainly travel into parts of Asia like India, Thailand, Indonesia, et cetera. Australia and New Zealand are picking up fast.

Apr 26, 2022 / CEO / receipt, needs a key / Vasant Prabhu, CEO | earnings call 2022-04-26 | transcript 7228bc27-0b18-416b-8e92-58a55cfcb32b | chars 34816-35001 | segment 35

We had a very sharp recovery in cross-border travel in October and November, as much of the globe ex-China moved to reopen borders or announced timetables to open borders and lifted restrictions such as quarantines.

Jan 27, 2022 / CFO / receipt, needs a key / Vasant Prabhu, CFO | earnings call 2022-01-27 | transcript 56dd0b8b-da56-4926-984f-e402fe4c49fe | chars 16663-16878 | segment 17

Cross-border travel-related spending, excluding intra-Europe, grew 102% year-over-year and was 72% of 2019 levels, improving an extraordinary 14 points from the fourth quarter to the first quarter.

Jan 27, 2022 / CFO / receipt, needs a key / Vasant Prabhu, CFO | earnings call 2022-01-27 | transcript 56dd0b8b-da56-4926-984f-e402fe4c49fe | chars 21800-21997 | segment 22

Card not present volume, excluding travel, slowed six points to 53% over 2019, as some food and drug spending shifted back to card present, and retail spend was not as strong without the benefit of stimulus payments.

Oct 26, 2021 / CFO / receipt, needs a key / Vasant Prabhu, CFO | earnings call 2021-10-26 | transcript 5bdc6075-735c-4d82-bdcf-69e77247ea26 | chars 19202-19418 | segment 19

Travel bubbles are being created. Australia and New Zealand is already in place with an immediate and substantial uptick in bookings. Hong Kong-Singapore is starting in late May with more likely.

Apr 27, 2021 / CEO / receipt, needs a key / Vasant Prabhu, CEO | earnings call 2021-04-27 | transcript 9123868b-a4a7-49ac-a376-462fc52d8a9b | chars 27771-27966 | segment 28

With significant U.S.-Canada border restrictions, travel is still down about 80% relative to 2019 in this corridor. As Europe has increased COVID restrictions, travel in and out of Europe remains hard hit, down over 60% versus 2019 in March.

Apr 27, 2021 / CEO / receipt, needs a key / Vasant Prabhu, CEO | earnings call 2021-04-27 | transcript 9123868b-a4a7-49ac-a376-462fc52d8a9b | chars 24161-24402 | segment 25

Travel from the U.S. to Mexico saw a 40-point recovery from the trough in April through July, and the trend continued through the quarter. This corridor actually grew over 20% in constant dollars in September and October.

Oct 28, 2020 / CEO / receipt, needs a key / Vasant Prabhu, CEO | earnings call 2020-10-28 | transcript fda50b8a-ae9f-4899-a8c5-50d3e67ab29e | chars 24575-24796 | segment 24

On the other hand, borders remain largely closed, or cross-border travel has significant friction in the form of quarantines or other requirements, resulting in a very slow recovery in cross-border travel.

Oct 28, 2020 / CEO / receipt, needs a key / Vasant Prabhu, CEO | earnings call 2020-10-28 | transcript fda50b8a-ae9f-4899-a8c5-50d3e67ab29e | chars 29558-29763 | segment 29

But I think there's no question that if, and let's hope it does, the world gets back to normal quicker than many might predict, that, A, you will see credit come back as more discretionary purchases and travel start to bounce back.

Oct 28, 2020 / receipt, needs a key / Vasant Prabhu, other | earnings call 2020-10-28 | transcript fda50b8a-ae9f-4899-a8c5-50d3e67ab29e | chars 42001-42232 | segment 42