Financial Technology Company Revolut Launches Travel Accommodation Booking Service In Ireland
Financial technology and banking services company Revolut has launched a travel accommodation booking service in Ireland.
As reported by The Irish Examiner, Revolut's Stays travel accommodation booking service, which is available via Revolut's app, was first launched in the UK in July and launches in mainland Europe and the US are expected in the near future.
Stays is reportedly currently focussed on accommodation booking, but Revolut reportedly said that Stays will expand to include flight, car hire and travel experience booking services.
Revolut reportedly said that Stays is the next step in the company's plan to build a digital platform for all things money.
Irish Customers' Average Spend On Accommodation And Flights In 2019
Revolut reportedly said that its users in Ireland spent €215 on average on accommodation and €131 on average on flights in 2019.
Revolut Head Of Saving And Lifestyle Statement
The Irish Examiner quotes Revolut head of saving and lifestyle Marsel Nikay as saying, "As the world begins to cautiously open up, we know Irish users are desperate to get away whenever they can.
"We've built Stays to make it easy for people to find and book their perfect break in their ideal destination. After 18 months of endless restrictions and lockdowns, we want to give people more and make their money travel further. Revolut is becoming the go-to app for travel."
Seeking Banking And E-Money Licences
Revolut, which is reportedly valued at $33 billion following a recent raising of $800 million, is reportedly seeking banking licences in Ireland, the UK, mainland Europe and the US at present, and reportedly already trades as a bank in 10 European markets including Croatia, Cyprus, Estonia, Greece and Latvia.
A full banking licence in Ireland would reportedly allow Revolut to offer credit cards, loans and current accounts to its customers in the country.
The company has reportedly also applied for an e-money licence in Ireland.
© 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.