Barclays report shows Coronation weekend fuelling spend at clubs
Clubs, pubs and bars showed another positive month of growth in May as spend increased by 6.4% compared to May last year according to Barclay's recent UK Consumer Expenditure Report.
This comes as the King’s Coronation and the extra bank holiday weekend this year encouraged Brits to make more social plans.
The extra bank holiday also fuelled a strong month for Takeaways and Fast Food which grew by 13.1% this month, the highest year-on-year growth seen so far this year. Nonetheless, it must be noted that the growth comparison is also being made to a period where customers were enjoying eating out as Omicron Plan B restrictions were lifted.
Mike Saul,Head of Hospitality and Leisure, Barclays Corporate Banking, said: “It is great to see that consumers enjoyed their extra day off in May, reflected by the increased spending at Bars, Pubs & Clubs, whilst the rising spend in Travel highlights that consumers are looking forward to the summer holidays.”
Full report available at this link
