Demand “trails off” for restaurants

By Joe Lutrario contact

- Last updated on GMT

Barclaycard data finds that demand is trailing off for restaurants

Related tags: Barclaycard, Coronavirus

Data from Barclaycard suggests that the honeymoon period restaurants have been enjoying since they were allowed to reopen is coming to an end.

In June restaurants performed strongly with spending just 8.14% down​ on 2019 but July’s figures see a 13.1% drop on the same period in 2019, suggesting that demand has trailed off slightly.

This is backed up by anecdotal evidence, with restaurants in central London said to be especially quite at the moment.  

Barclaycard’s monthly report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. 

There was much better news for takeaways, however, with the sector clocking the highest growth (72.3%) since the onset of the pandemic as friends and families watched events such as the Euros and Wimbledon at home while treating themselves to food deliveries.

Pubs and bars and clubs enjoyed another strong month thanks to sport and some good weather, recording 30.5% growth when compared to July 2019. 

The report also found that a quarter of Brits say they have been dipping into savings to make the most of post-lockdown life. 

Related topics: Trends & Reports

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