Many investors were betting on a rebound in global travel spending to propel some big payments stocks in 2022. They might need to be more cautious for now.
The latest data suggested that, through last month, cross-border travel spending card volumes continued to bounce back from the pandemic and were even making up for a dip seen during the rise of the Covid-19 Omicron variant.
reported last week that February cross-border travel volume, excluding intra-European Union travel that is more like a domestic transaction, was running at 81% of February 2019 levels, up 10 points from January.
last week noted that through the end of February, as Omicron fears faded, it was seeing an advance in cross-border…
