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Revolut sees surge in flights spending
Challenger bank Revolut reported an increase in the airport and similar travel-related spending.
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The data comes from Revolut’s Irish customer community (which is about 1.5 million strong) and from July compared to June.
For example, the number of buyers in duty-free leaped by +108% compared to a month earlier. Spending on airline tickets by Irish customers was up by +50% in July compared to June, the figures indicate.
After Softbank lead an $800 million investment into Revolut, the company also came up with another feature – travel booking.
This new feature called “Stays” enables customers to book hotels and other holiday accommodation through Revolut’s super-app.
“As the world begins to cautiously open up, we know everyone is desperate to get away whenever they can — whether it’s to Margate or Mallorca,” says Marsel Nikaj, Revolut’s head of savings and lifestyle.
Revolut Ireland Head of Public Affairs Sebastian Hamilton said: “Our latest figures show a surge in spending on flights and at airports in July, as well as a significant rise in Irish Revolut customers spending abroad.”
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“The introduction of the Covid passport on 19 July appears to have been a significant factor in the return of international travel, as shown by the surge in spending on airlines, and at airport shops and duty-free.”
Overall, the amount of spending by Irish Revolut users was 8% higher in July than in June.
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