INTERACTIVE: From eating out to staycations, ‘revenge spending’ is on the rise

PETALING JAYA: Eating out and staycations were the main forms of “revenge spending” post Covid-19 lockdowns, as Malaysians forked out more money on restaurants and accommodation services last year compared with before the pandemic.

According to the Statistics Department’s Income, Expenditure, Poverty and Inequality 2022 report, Malaysian household spending on restaurant and accommodation services rose by 2.4%, making up 16.1% of the average household expenditure in 2022, compared with 13.7% in 2019.