Visitors to Dublin spent 36% of their budget on dining out in 2017, according to Mastercard’s Global Destination Cities Index Indulgences report.
The report details where and what overseas travelers spend the most on, and offers insights into dining and shopping across the globe. Visitors to Ireland’s capital spent more of their budget on dining out than any other cityy surveyed; splashing $800m in 2017 alone.
In addition, market intelligence by Mastercard SpendingPulse for the most recent Dublin Economic Monitor (Q3 2018), shows that tourism is booming in the city, with visitor expenditure growing 13.5% year on year. Mastercard SpendingPulse provides insights into overall retail spending trends across all payment types, including cash. This is the highest rate of growth since Q1 2016 and is being driven by travelers from the US, France and China.
Mastercard SpendingPulse also shows 10.6% growth year on year for the Q3 2018 period in overall tourism spending in Ireland.
The Mastercard Index of Global Destination Cities 2017 report ranks 162 destination cities in terms of the number of their total international overnight visitor arrivals and the cross-border spending by these visitors, and gives international overnight visitor growth forecasts for 2018. The index and reports are not based on Masercard volumes or transactional data, rather the figures are derived from public data.
According to Mastercard’s GDCI Indulgences report, Dubai was the top city for the most amount spent by international visitors on dining out, coming in at $5.94bn. Other global cities such as Singapore and London were also in the top 10 for overall food and beverage spend, however travellers to both cities spent a significantly lower percentage of their budgets on food (12.9% and 17.6%, respectively).
The report also reveals that travellers are spending significantly in Dubai and London on shopping for clothes, souvenirs and other goods. Visitors to London, Seoul and Johannesburg are spending at least 40% of their travel budgets on shopping.
Sonya Geelon, Country Manager for Mastercard in Ireland, commented: “The quality of food and fantastic experiences available when dining out in Dublin is now globally renowned, and this report just shows that overseas travelers are coming from far and wide to enjoy and prioritise the culinary delights that our city has to offer.
“Experiences are at the heart of what travelers’ value, which is why we offer programs like Mastercard Priceless Ireland to allow travelers to dive into the country’s unique culture.”