Eating out spend up 5% on last year

Eating out spend up 5% on last year

The Deloitte Leisure Consumer Q2 report has shown that consumers spent 5% more on eating out compared to the same period last year.

Eating out in the second quarter of 2018 is also up 4% on the first quarter.

The findings are in line with the Deloitte Consumer Tracker, which reported an improvement in consumer confidence of 2% to -4% – the highest level since the tracker began in 2011.

The year-on-year change is being driven by the easing of income pressure and improving consumer mood, while the surprisingly warm summer has driven spend compared to the cold, late winter.

“Leisure spending is an important bellwether for the health of the UK economy,” says Simon Oaten, partner for hospitality and leisure at Deloitte. “If consumers are spending on discretionary leisure items, whether that be cappuccinos or holidays, then that is a clear sign confidence in personal disposable income. It has been a challenging first half of the year for the sector, with a number of businesses, particularly in the casual dining sector, having to make bold strategic decisions. Nevertheless, the fact that leisure consumers are in good spirits is welcome news.

“Crucially, more habitual categories such as eating out and drinking in pubs and bars have seen a spending boost, a further sign of easing income pressure and improving consumer confidence.”

For Q3 2018, consumers expect to continue spending on leisure, but only by an increase of 1% on eating out.