FNB forecasts growth in Easter spend despite tough economic climate.
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GUEST – Ashley Saffy: FNB Card Head of Spend and Customer Value Management.
As travel and family gatherings are traditionally the hallmarks of the Easter holiday period, FNB data forecasts increased spend over this period, led by accommodation, flights, fuel, DIY and hardware, as well as clothing categories.
The bank notes that, last year, it saw an increase of 7.41% YOY in spend during the height of the holiday period, and anticipates this year’s spend to increase by just over 8 % in view of the expected transactional activity.
As travel and family gatherings are traditionally the hallmarks of the Easter holiday period, FNB data forecasts increased spend over this period, led by accommodation, flights, fuel, DIY and hardware, as well as clothing categories.
The bank notes that, last year, it saw an increase of 7.41% YOY in spend during the height of the holiday period, and anticipates this year’s spend to increase by just over 8 % in view of the expected transactional activity.