Revolut has analysed Irish consumer spending over the last month, with the app’s data revealing that a return in the popularity of staycations led to a record month of spending in Ireland this July.
Revolut’s consumer spending analysis tracked more than 58.5 million card payments over the course of the month, indicating several real-world spending trends by Irish Revolut customers.
The amount Revolut users are spending with the bank each month continues to rise, up nearly 5 per cent (MoM increase) in July, with staycations a key driver in the broader uplift.
With a scorching heat wave across much of mainland Europe in July, a rising number of Revolut’s customers in Ireland chose to stay put for their summer break rather than go abroad.
Accommodation
In terms of accommodation, spending on hotels and resorts in Ireland has risen by 15 per cent compared to last summer (YoY increase), while Revolut customers are spending more than 38 per cent more (YoY increase) on health and…
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