Restaurants see spend increase over Easter weekend
The research, which is based on the nation’s credit and debit card transactions, shows that hospitality and leisure businesses benefitted from an overall increase of 2.7% in the total number of sales over the four-day period (7 – 10 April), as the warmer weather saw people come out and spend.
“After a period of reduced non-essential spending, it’s encouraging to see so many Brits make the most of their Easter celebrations this year,” says Marc Pettican, head of Barclaycard Payments.
“Consumer spending surged across Hospitality and Leisure as people enjoyed the sunshine across much of the UK this weekend and headed out to restaurants, camping and caravan sites, and sport centres.”
The figures come after consumer spending data published yesterday (11 April) by Barclays showed restaurant sales down 5.6% in March, with 62% of consumers trying to cut down on eating out in full-service establishments.
“While our research shows that half of consumers are consciously trying to cut back on discretionary spending overall, this uplift in transactions demonstrates that many Brits are still keen to spend their time off outdoors, socialising and eating out with friends and family,” adds Pettican.
“This will be welcome news for UK businesses amid the rising cost of living, and as they look forward to another boost in trade over the Coronation weekend and upcoming May bank holidays.”
