Pubs Score in Christmas Spend
Spending in bars rose 8% in December, despite the curbs on socialising. The pandemic related restrictions hit travel with spend on airlines, travel agents and cruises down by between a quarter and a third compared to November. Fast food outlets saw a modest uptick in business, up 3% on November, but instead of enjoying their traditional pre-Christmas boom, spending in restaurants remained flat.
The Revolut data, based on the spending habits of its 1.5m Irish users, shows that other retail outlets did well from the festive splurge. Overall, Revolut estimates that spending in December was up 5% on the previous month.