Revolut enters travel booking sector
Revolut has launched a new in-app function allowing users to book travel accommodation in the same place they manage their finances.
It marks the digital bank’s first non-finance related product launch.
The “Stays” feature offers users up to 10 per cent cashback on bookings made through the app.
Revolut said it hopes to add flight bookings, car hire and travel experiences at a later date.
The feature is available to users in the UK, but will be rolled out across Europe and the US in the coming weeks.
Marsel Nikaj, head of savings and lifestyle at Revolut, said: “We’ve built Stays to make it easy for people to find and book their perfect break in their ideal destination. After 18 months of endless restrictions and lockdowns, we want to give people more and make their money travel further.”
In 2019 – pre-pandemic – the average Revolut user spent approximately £690 on accommodation and £149 on flights.