November 25, 2020
Business News

Waterford consumers spending more on card transactions since lockdown

Waterford consumers are spending more on card transactions as they holiday at home this summer, a new report reveals.

The average domestic card transaction in key hospitality sectors is up year on year as Irish consumers staycation this summer and pent-up demand is released.

On average, Waterford consumers are now spending an average of €32.85 in the pub, a further €23.52 in restaurants and €70.43 in hotels per transaction.

The data was compiled from over one million AIB debit and credit card transactions up to August 3. The bank said the data has been “anonymised and aggregated”.

Nationally, the average card transaction in pubs that have reopened and are serving food has increased 50% year on year. This may be as a result of the requirement for a €9 meal to be purchased.

Separately, the average card transaction in restaurants is up 17% year on year, with the average transaction in hotels up 16% year on year. Overall, the number of transactions is still down year on year.

Shane Doran

Shane Doran is founder and Co-Managing Editor of News Now Media, incorporating KilkennyNow.ie, WaterfordNow.ie and WicklowNow.ie. He is a former newspaper editor who has held senior executive roles across five national newspaper titles, both broadsheet and tabloid. He was News Editor and Executive Editor of the Irish Independent for more than seven years and spent a number of years in South Africa where he worked as editor of The Daily Voice newspaper. Shane has held senior editorial position with The Sunday Independent, The Herald and The Irish Daily Star and has served as Executive Editor (Group) of Independent News & Media (INM), Ireland’s largest newspaper group.

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