Transactions before and after the Gallagher brothers performed jumped to levels last seen when Taylor Swift played at the Aviva Stadium in June last year.
Digital bank Revolut, which claims to have three million customers in this country, has reported a 9pc jump in spending by its customers in Dublin compared to the previous weekend.
Even as hotel prices shot up and city-centre businesses looked to cash in, Oasis fans continued to spend.
They needed no better excuse to put their hand in their pockets. Saturday was the first time in more than 16 years that Oasis had performed in Ireland since playing Slane in 2009.
It has been dubbed a “supersonic” surge in consumer spending over the weekend as the Manchester-born brothers sold out Croke Park.
Revolut said the two gigs were always likely to spark a spending spree across the capital, particularly given the Gallagher brothers’ proud roots in Mayo and Meath, along with their immense global popularity.
The total number of transactions rose by more than 8pc.
Today’s News in 90 Seconds – August 20th
The big beneficiaries were Dublin bars, cafes, restaurants and nightclubs, which had a 16pc rise in income over the weekend versus the previous one.
Anticipation had been building across the capital, with a pop-up store on St Stephen’s Green setting the tone by opening early in the month, sending fans scrambling for sought-after merch.
Over the first two weekends in August, merchandise stores in Dublin recorded hundreds of thousands of euro in revenues after lengthy queues of fans. The pop-up store has since announced extended dates.
Revolut said spending on public transportation was down 9pc across the rest of Ireland but rose by more than 120pc in Dublin as Oasis fans descended on the capital. Taxi drivers also benefited from the concerts, with a 15pc uplift in revenues last weekend.
It’s safe to say that Oasis ‘Definitely Maybe’ gave the Dublin economy a boost last weekend
For those who missed out on tickets, there was still a party atmosphere across the county, with Dublin sales of store-bought beer, wine and liquor rising by over a third last week compared with the previous one.
Younger adults were the big spenders as people between the ages of 25 and 34 outspent fans in their 40s and early-50s. Those between the ages of 35 and 44 followed closest, suggesting that there was still an older generation of Oasis fans out and about in Dublin for the two concerts.
Dublin restaurants, pubs and licensed stores also enjoyed a boost in alcohol and cigarette sales over the weekend.
Revolut said its business customers recorded an increase in revenues, with those in the food, beverages or tobacco industries experiencing a 2pc uplift when compared with the previous weekend.
Malcolm Craig, general manager at Revolut Bank UAB Ireland Branch, said: “It’s safe to say that Oasis ‘Definitely Maybe’ gave the Dublin economy a boost last weekend.”
He said consumer spending of this level in just one weekend had sent a very strong signal about consumer confidence in Ireland.
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