According to a recent survey of 2,000 consumers, eating out spend was up by two percent (£2) year-on-year in October – compared to an eight percent fall in drinking out and a ten percent (£21) decline in total leisure spend per household.
Households in London and the South East were the driving force behind the year-on-year growth with a reduced spend on out-of-home leisure by £39 (sixteen percent), which was considerably more than elsewhere in Britain down £14 (seven percent) respectively.
Although additional findings suggest that, on average, Brits are planning to spend less of gifts as well as food and drink consumed out-of-home this festive season, compared to last year.
Steve Jebson, Greene King’s commercial director, said: “We found that 26% of Brits plan to spend less on Christmas gifts this year, compared to 17% who plan to spend more. This trend is also reflected in the amount expected to be spent on eating and drinking out with 27% intending to spend less and 15% who expect to spend more.”
More information can be found on this topic at BigHospitality and GreeneKing