Spending in restaurants increases by 16.5% in April
According to data from Barclaycard, the Bank Holiday boost saw spending in restaurants increase 16.5% year-on-year. The hospitality industry define an overall slowdown on spending on ‘non-essential’ items, which saw growth drop from 4.8% in March to 3.7% in April. Barclay said consumers had showed they were still willing to spend on experiences such as eating out, despite shoppers increasingly becoming careful with their finances. Managing Director at Barclaycard Paul Lockstone, said: “The relatively dry and warm weather in April was a natural benefit to pubs, restaurants and garden centres, giving consumers the opportunity to treat themselves where they felt comfortable doing so”.
Article via BigHospitality.