Spending In Hospitality Venues Increased Significantly In June, According To New Figures From AIB
Spending in hospitality venues increased significantly in June, according to new figures from AIB.
As reportedly by rte.ie, new figures from AIB's Spend Trend survey show that consumers spent over €90,000 an hour in pubs last months, while spending in hotels increased by 225% and spending in restaurants spend increased by 22%, and overall spending in pubs and off-licences increased by 304%.
AIB reportedly noted that individuals over the age of 65 recorded the biggest increase in hotel spending in June, with hotel spending among such individuals being up by 478% on May, while individuals under the age of 25 recorded the smallest increase, with hotel spending among such individuals being up by 139%.
However, individuals under the age of 25 recorded the biggest increase in spending in pubs, with pub spending among such individuals being up by 404% on May, while individuals between the ages of 35 and 44 recorded the smallest increase, with pub spending among such individuals being up by 239%.
AIB reportedly said that Dublin residents spent an average of €30,000 an hour in pubs last month.
Meanwhile, consumers reportedly spent over €288,000 an hour eating out in June, with individuals over the age of 65 recording the biggest increase, with spending on eating out among such individuals being up by 51% on May.
Additionally, AIB reportedly noted that the busiest day for consumer spending last month was June 25 and the quietest day for spending was June 6.
AIB Head Of SME Statements
AIB head of SME John Brennan reportedly said that the hospitality sector saw a surge in spending after partially reopening in June, albeit from a low base, as consumers flocked to pubs, restaurants and hotels throughout the month.
Rte.ie quotes Brennan as saying, "This was a welcome increase in spending for businesses after many months of being closed. Society's support for those in the hospitality sector, as well as all other sectors impacted by COVID-19, will be critical to the recovery of these businesses as we emerge from the pandemic and slowly return to normality."
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