Spending on airlines among Revolut customers was up by 50% in July compared to June, according the latest monthly spending report from the digital banking app.

Spending at airports was up by 57% month-on-month, while at duty-free stores it rose by 70%.

The July 2021 Revolut Report also shows that spending outside the State by Irish Revolut customers soared during the month. Overall, Revolut's Irish customers spent 39% more abroad in July than they had in June.

Revolut has more than 1.5 million Irish customers.

Notably, the surge in overseas spending was led by older age groups. Among the 45-54 age category, foreign expenditure was 70% higher month-on-month; among the 35-44 bracket, the increase was 55%. This compares to an increase of 33% among the 18-24 age group, and 31% among 25-34-year-olds.

However, July also saw a continuing recovery among the Irish hospitality industry - arguably assisted by the July heatwave, which boosted outdoor eating and drinking. Domestic spending in restaurants was 15% higher in July than it had been in June (this figure includes the 5 days of July in which indoor dining was reopened).

Equally, domestic spending in bars was up 24% in July compared to June.

Spending at tourist attractions and exhibits also soared during the month, by 45%, while expenditure on taxis and commuter trains was once again higher month-on-month.

Overall, consumer spending by Irish Revolut customers was 8% higher in July than in June, auguring well for the prospect of a gradual recovery across the economy.

By contrast to the nascent recovery in hospitality and travel, however, spending at hardware stores and nurseries appears to be returning to more traditional levels. Hardware stores saw spending fall by 10% compared to June, while consumers spent 26% less at garden centres.

Year-on-year data also showed a similar trend, with spending at nurseries, hardware stores and home furnishing shops significantly lower than during the first 'Covid summer’.

Sebastian Hamilton, Head of Public Affairs at Revolut Ireland, said, "The introduction of the Covid passport on July 19th appears to have been a significant factor in the return of international travel, as shown by the surge in spending on airlines, and at airport shops and duty-free.

"It is also notable that the largest increases in spending abroad in July came in the 45-54 and 35-44 age groups. This may be a further indication of the impact of the Covid passport for those age groups who are likely to have been fully vaccinated in time to travel abroad during July."