Revolut, the global financial app with more than 40 million customers worldwide, and over 2.7 million in Ireland, has crunched the numbers on Irish consumer spending over the last month, revealing that a showery April has given Revolut customers in Ireland itchy feet — with spending on travel up nearly 10% YoY versus April 2023.
With figures adjusted for user growth, Revolut’s consumer spending analysis tracked more than 50 million card payments in April, indicating real-world spending trends by Ireland’s Revolut account holders, who spent more than €1.1 billion across a very damp month of April.
Money spent on airlines rose again by close to 4% (MoM increase) as the wet weather saw holidaymakers continue to plan overseas trips — up nearly 25% on April 2023 (YoY increase). People are spending more at the airport this year than last, rising a notable 12% (YoY increase).
Travel agencies were the beneficiaries with a small rise in spending versus the previous month (1.58% MoM increase), up 24% on a more fair weathered April 2023 (YoY increase). Similarly, spend on timeshares shot up by over 16.28% (MoM increase) as Revolut customers in Ireland looked to get away — a steady near 4.5% rise on last April (YoY increase).
Cruises also proved a popular escape, with over 15% more spent on voyages than in March (MoM increase), and more than 23% when compared with April 2023 (YoY increase). Not all were deterred by the wet weather though, with a considerable 34.5% rise in trailer park and campsite spending compared with March (MoM increase) and April 2024 (22% YoY increase).
Maurice Murphy, General Manager at Revolut Bank UAB – Ireland Branch, said: “Our continued push into the travel sector has helped make spending on holidays, short breaks, and last-minute getaways even easier for our customers in Ireland. One-click checkout with Aer Lingus, the introduction of eSIMs to avoid overseas roaming charges, and our super competitive foreign exchange rates have meant more people are trusting Revolut on their trips away. Revolut is Ireland’s preferred way to manage money on a daily basis and these strong spending figures highlight how more customers are using us as their primary bank account.”
Revolut was recently recognised by financial comparison site Bonkers.ie as ‘Ireland’s Best Consumer Business’ and ‘provider of the Best Current Account’.
For more information, visit: www.revolut.com/en-IE