Pubs, clubs and bars spending soars 30.5% in July
Takeaways reported a ‘record’ growth of 72.3%, marking its highest since before the onset of the pandemic and was boosted by events such as the Euros and Wimbledon.
Pubs, bars and clubs have welcomed another strong month of trading, recording 30.5% growth in consumer card spending against July 2019, according to the latest data from Barclaycard.
It comes as Brits socialised in beer gardens and returned to nightclubs for the first time as lockdown restrictions came to an end. In total, the ease of restrictions saw consumer card spending rise 11.6% in July compared with the same period in 2019.
Takeaways reported a “record” growth of 72.3%, marking its highest since before the onset of the pandemic and was boosted by events such as the Euros and Wimbledon.
Meanwhile, the market for UK staycations continued to see “promising growth”, with spending on hotels, resorts and accommodation rising 7.8%, its highest since before the first lockdown.
In its latest research, Barclaycard found that spending on essential items also grew 14% last month, compared with July 2019 and was driven by 16.6% increase in supermarket shopping and 78.5% rise in spending at specialist food and drink stores.
Raheel Ahmed, head of consumer products, Barclaycard, said: “July’s major sports fixtures and the heatwave kept the nation in good spirits, providing more reasons to celebrate together, and giving the entertainment industry its long-awaited boost back into growth.
“While some sectors took a small step back as the post-lockdown ‘honeymoon’ period cooled, July was a positive month overall. However, with inflation expected to rise, it will be interesting to see how this impacts consumer spending behaviour over the coming months.”
The original version of this article was first published in Catering Today.
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