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Spending On Hospitality Services In Ireland Increases Significantly

Published on Aug 5 2021 11:27 AM in Features tagged: Trending Posts / cso / Central Bank / Deliveroo / Central Statistics Office / Outdoor Dining / Revolut / outdoor drinking / Customer Perceptions Ltd

Spending On Hospitality Services In Ireland Increases Significantly

According to a number of data sources, spending on hospitality services in Ireland has been increased significantly since early June.

Deliveroo Survey On Attitudes To Outdoor Dining

64% of 500 Irish customers surveyed by food delivery firm Deliveroo to gain an insight into their attitudes to outdoor dining said that, since outdoor dining resumed on June 7, they have met family and friends to dine outdoors.

Meanwhile, 55% of the survey's participants said that they strongly believe that there should be better facilities to allow people to eat outdoors in Ireland.

Additionally, 29% of the survey's participants said that, with the right measures in place, they strongly agreed that they would even eat outdoors during the winter, and 39% of participants said that they somewhat agreed that they would brave the weather if correct measures were put in place.

Increase In Credit And Debit Card Payments On Hospitality Services

The results of Deliveroo's survey coincide with the release of credit and debit card statistics from the Central Bank that reveal Irish consumers spent heavily on outdoor dining and accommodation in June.

As reported by The Irish Independent, according the Central Bank's statistics, credit card payments in restaurants in June increased by 41% from May, with Irish consumers spending €332 million at restaurants in June, which nearly double the spend from a year ago.

Meanwhile, credit cards payments on accommodation In June reportedly nearly tripled from May to €216 million, which represented a 394% increase on the figure recorded for June of last year.

Survey On Current Consumer Sentiment Towards Staycations And Hospitality

The above news also coincides with the release of results of a survey on current consumer sentiment towards staycations and hospitality that was conducted in July by market research solution firm Customer Perceptions Ltd.

87.2% of the survey's participants said that are hoping to holiday in Ireland this year.

Of those not hoping to holiday in Ireland, the most commonly cited reasons were price (41%) and plans to travel abroad (38%). The remaining 21% cited a combination of other reasons.

35.5% of participants said that they would consider travelling abroad in 2021 if restrictions are eased, travel is permitted and they are vaccinated. 9.2% said that they would consider travelling abroad in 2021 if restrictions are eased and travel is permitted. 5.5% said that they would if they are vaccinated. 4.4% said that they would regardless of restrictions or vaccination status. 39.2% said they that they would not considering travelling abroad this year. And 6.2% said that they do not know whether they would consider travelling abroad in 2021.

The full findings of Customer Perceptions can be found here.

June Bar Sales Volumes

Additionally, all of the above news coincides with news provisional Central Statistics Office (CSO) figures for June's seasonally-adjusted bar sales indicate a 183.8% rise in volumes and a 190.7% rise in values compared to June of 2020.

As reported by drinksindustryireland.ie, compared to May, bar sales volumes were up by 553.1% in June while values showed an increase of 540.5%, according to the figures.

However, bar sales volumes were reportedly down 48% in June compared to the figure recorded for June of 2019, while values were reportedly down 46%.

Final seasonally-adjusted figures for May reportedly show that bar sales volumes in May of this year were down 4.5% on May of 2020, with values being down 1.1%. Compared to April, May’s volume figure was down 33.3%, while bar values were down 22.0%.

Across the three-month period April to June, bar sales volumes reportedly increased by 115.2% while value increased by 122.1%, compared to the same period in last year.

Compared to the immediately preceding three month period (January to March of this year), the April to June period reportedly showed a 208.1% increase in volume and a 201.0% increase in value.

Generally, retail sales were reportedly up 3.3% in June compared to May and 10.6% compared to June of last year.

Revolut Bar And Restaurant Spending Data For July

As reported by rte.ie, according to the latest monthly spending report from Revolut, domestic spending in restaurants by the digital banking app's customers was 15% higher in July than in June, and domestic spending in bars was reportedly up 24% in July compared to June, while spending at tourist attractions and exhibits reportedly increased by 45%.

Revolut has more than 1.5 million Irish customers.

Overall, consumer spending by Irish Revolut customers was reportedly 8% higher in July than in June.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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