Italy Sees Economic Boost From the Opening Weekend of the Olympic Winter Games Milano Cortina 2026

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Postmedia has not reviewed the content. by Business Wire Article contentNorthern Italy sees more than 60% increase in Visa cardholder visitors from overseas, with an increase in purchases up 80% compared to the same period in 2025Significant increase in spending from Visa cardholders in many areas of commerce including Clothing & Accessories, Restaurants and Mobility & TransportBiggest share of spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Canada and SwitzerlandSign In or Create an AccountEmail AddressContinueor View more offersArticle contentMILANO, Italy — Visa, the Official Payment Technology Partner of the Olympic and Paralympic Winter Games, today released new data revealing consumer spending patterns in the Winter Games host locations1 during the opening weekend of the Olympic Winter Games Milano Cortina 2026.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentVisaNet data analysed by Visa Consulting & Analytics (VCA) shows the positive impact that Milano Cortina 2026 is having on commerce:Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentOverseas Visa cardholders visits rose by more than 60%, with the largest share of visitors coming from the U.S. (+160% year-on-year), followed by China, Brazil, Canada and Japan.In Europe, Visa cardholders from Germany represent the largest share of visitors (31% year-on-year increase), followed by Switzerland, France and the UK.International Visa cardholders spent more than in the previous year, with the U.S. leading the year-on-year growth with a 125% increase in their spending, followed by Canada and Switzerland.Visitors from Germany, China and the U.S. ranked as the top spenders, with an average spend of €297, €267 and €255, respectively.Purchases are also up significantly in Milano from international Visa cardholders (45%) and Italian Visa cardholders (+30%).In mountain locations, purchase growth is being driven primarily by overseas Visa cardholders, up to 95% year on year.Contactless transactions across both domestic and international Visa cardholders, increased by almost 40% year‑on‑year.The top three merchant categories recorded the highest increase in purchases by international Visa cardholders during the Opening Ceremony weekend are: Clothing & Accessories (+35%), Restaurants, Mobility & Transport.Article contentAntony Cahill, Chief Executive Officer, Visa Europe saysArticle content: “Over the Milano Cortina 2026 Winter Olympics Opening Ceremony weekend, Italian businesses experienced a year-on-year rise in visitors and purchases, according to VisaNet data – demonstrating the positive economic impact that major global events can deliver for local communities. U.S. travellers led overseas spend, with fans from China, Brazil, Canada and Japan showing the biggest increase in travel to the Games.”Article contentVisa’s responsibility to provide payment systems for the Olympic and Paralympic Games requires a robust and venue-specific plan combined with large-scale operations. Working hand-in-hand with the Organising Committee, Visa has built a custom payment network across Milano, Cortina and beyond, which will ensure Visa payments are accepted at approximately 800 points of sale across 13 competition venues and several other official Milano Cortina 2026 locations.Article contentAbout Visa Inc.Article contentVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.Article contentArticle contentNotes to editors:Article contentFigures compare the weekends 6,7,8 February 2026 vs 7,8,9 February 2025Overseas visitors refers to Visa cardholders from outside EuropeInternational visitors refers to Visa cardholders from both Europe and outside EuropeVisa cardholders refers to Visa cardholders includes domestic and international visitors (Europe and outside Europe)Northern Italy refers to Milan and mountain locations hosting competitions, including Belluno, Trento, Bolzano, and SondrioMountain locations refer specifically to Belluno, Trento, Bolzano, and Sondrio (excluding Milano)Article content1Article contentMilano, Belluno, Trento, Bolzano, and SondrioArticle contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20260216225173/en/Article contentArticle contentContactsArticle contentAna Torres torresda@visa.com#distroArticle contentTrending Carney Plots 'Buy Canada' Defense Strategy to Unlock Billions in Investment PMN Business Subscriber only. 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