Consumer spend on eating out down 8%, report finds

01/11/2017 - 08:51
Consumers continued to cut back on their leisure spending over the last three months, especially in the eating and drinking out sectors, according to the latest Leisure Consumer report from Deloitte.

The consultancy firm’s report found that the eating out sector had seen spending fall by 8% against the same period last year while drinking out in pubs, cafes and restaurants dropped by 5%.

Simon Oaten, partner for hospitality and leisure at Deloitte, said: "The combination of rising inflation and lower wage growth is stretching disposable incomes and causing consumers to rethink their expenditure.

"It is no surprise that we are seeing UK consumers tightening their belts.”

The quarterly survey of 3,000 UK adults found that almost every leisure category has seen a decline in spending since the report's Q3 2016 edition, indicating that consumers are more cautious compared to last year.

Oaten added: “Significantly, consumers are becoming savvier and are making deliberate choices about their spending.

“They are identifying habitual leisure activities, such as buying a daily coffee or dining out at a restaurant, and are making more conscious efforts to reduce spending, perhaps by buying a coffee every other day, or by making cheaper menu selections.”

Spending intentions for Q4 are also expected to see a year-on-year decline, with eating and drinking out predicted to fall by 4%.

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