New data carried out by Revolut has revealed the scale of the financial challenges facing many sectors, as the Government prepares to deliver Budget 2021.
It shows the number of Revolut users spending money in restaurants in September fell by 19% year-on-year, while hotel spend was down 22%, cinema spend was down 66% and tourist attraction spend was down 46%.
The data suggests that fewer people are going out - and when they do, they are spending significantly less.
Among the Revolut users who did spend money in restaurants, cafes or bars in September, the average monthly spend was €68.45, compared to €84.47 the previous year.
The data found that Dublin's move to Level 3 on the Covid-19 roadmap, reduced overall spending by around 5% compared to the rest of the country.
However, the data shows that nationally day-to-day consumer spending actually rose year-on-year by 8% in September compared to 2019.
It shows that digital goods continue to perform extremely well; while the DIY, gardening and pet sectors have also shown enormous resilience, suggesting they were not just summer lockdown fads.
Some areas of discretionary spending are also performing well, with spending in jewellers up by 7% year-on-year in September.
This growth was largely fuelled by an increase in customers, rather than people spending more.
In fact, at €88.53, the average monthly spend by Revolut users was down from €97.31 last September.