European fintech giant Revolut is jumping into the travel industry

Revolut, a fintech company headquartered in London, has introduced a new offering to its clients, marking a foray into the travel industry. 

Called “Stays”, the new service makes it possible for users to book hotels and other kinds of accommodation options through the Revolut app. As a perk to encourage customers to use Stays, Revolut is offering up to cashback on reservations made via its app.

This service opens the firm up to a whole new sector, creating an avenue for an increase in the number of users, while also making the fintech firm a notable challenger to other players in the travel industry.

Revolut’s first major non-finance offering, Stays puts it head-to-head with the likes of Expedia, Tripadvisor, and so on. 

“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,” said Marsel Nikaj, Revolut’s head of savings and lifestyle.