Restaurant sector lifted by rise in disposable incomes

Restaurant service

The volume of restaurant transactions in the UK has seen a rise, making it more than two years since it has seen a decline in people eating out.

Research carried out for the Q3 edition of the ‘Barclaycard Consumer Spending Report’, found that nearly a third (30%) of consumers say they are better off now than they were expecting to be a year ago and more than half (52%) say they are confident in their job security (up from 48% in Q2).

Despite the high rainfall in August, restaurants grew 12.6%, representing their 26th month of consecutive double-digit growth.

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However, the amount spent per restaurant transaction was down 5.6%, although the number of transactions was up 19.3% which indicates that, with no fall in prices, more visits are being made, but for smaller meals.

Chris Wood, managing director at Barclaycard, said: “Looking ahead to the last quarter, a majority of consumers say they feel positive about their finances and plan to spend more on non-essentials, meaning it could be a good end to the year for many retailers.”

Tags : BarclaycardFinancialRestaurants
Kathy Bowry

The author Kathy Bowry

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