Revolut adds rental homes to existing accommodation offering

Financing app Revolut has unveiled a holiday home rental feature as part of its travel services offering.

The U.K.-based company says the launch of Homes is part of its Stays accommodation booking service , unveiled in 2021.

Like Stays, customers receive up to 4% cash back for booking holiday homes.

At the launch of Stays, Revolut declined to comment on who was providing the inventory, although Expedia was mentioned in the terms and conditions.

Similarly, with Homes, which is available in the U.K. and Europe, Expedia-owned Vrbo is powering the bookings.

Revolut said recently that Stays has given more than £1.5 million in cash back to customers globally.

Christopher Guttridge, general manager of lifestyle products at Revolut, says: “When it comes to travel, we know that our customers' needs are changing more and more. Big or small, budget or bougie, local homes or chic-hotels - our customers want to book any kind of place, all in one place.

"Whether it’s digital nomads working abroad, large families traveling together under one roof, or couples looking for a home away from home, we’re delighted to add Homes to our global super app to deliver hassle-free homes, hotels and hostels with effortless cash back.”

Revolut is one of a number of banks and financial institutions getting into travel as a means to boost customer loyalty, with others including Capital One and JPMorgan Chase.