Hospitality Splurge in June

Consumers splurged on accommodation and outdoor dining in June ,according to credit and debit card statistics from the Central Bank.  Staycationers flocked to hotels and B&Bs during the month as public health restrictions eased, nearly tripling card spending on accommodation to €216m compared with May.  The figure represented a 394pc increase on June 2020, when the economy was reopening after the first Covid-19 lockdown.

The monthly increase in card payments in restaurants in June was also dramatic at 41pc, as diners spent €332m on meals – nearly double the spend from a year ago.
But while hospitality rebounded, sectors that enjoyed a consumer boom during the pandemic experienced declines in spending.
 
Card spending on groceries recorded the biggest contraction of any sector in June, declining by €66m, or 5pc, month on month. The data confirmed findings by market research firm Kantar earlier in the week showing that grocery sales fell by 5.9pc in the 12 weeks to July 11.

REF: hospitalityenews.ie

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