Restaurants and bars saw highest increases in expenditure last month

17/09/2018 - 10:35
It’s good news for restaurateurs as Visa’s latest consumer spending index shows that hotels, restaurants and bars, and food and drink categories saw the biggest increases in expenditure last month (August).

Of the eight categories monitored, half registered rises in expenditure, including hotels, restaurants and bars at +4.7% and food and drink at +2.6%

Clothing and footwear, and miscellaneous goods were also up (+1.7% and +0.1% respectively).

Visa chief commercial officer Mark Antipof accounted the ‘prolonged good weather’ for the “sustained performance for hotels, restaurants and bars and food and drink again topping the sector categories.”

While the August spending index showed ‘mixed’ performances from each sector, the strongest increases were seen across hotels, restaurants and bars and food and drink categories.

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