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Increase in summer staycations expected as spend on air travel decreases

Increase in summer staycations expected as spend on air travel decreases

6 days ago Press Release Tourism News

Bank of Ireland is predicting an increase in summer staycations this year. The Bank’s card spending data for May shows that spending on air travel declined by 6.4% year‑on‑year, despite air seat capacity into Ireland being projected to increase by 3% this summer compared with the same period last year. Irish hotels are expecting strong demand from the domestic market this summer as higher long-haul travel costs, security risks and ongoing geopolitical issues may tip the scales in favour of an Irish break.