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Restaurant spend increases in January – Visa’s February figures reveal
13/03/2017 - 09:02
Visa’s Consumer Spending Index for February has revealed that spend increased in the hotels, restaurants & bars sector by 1.2% on an annual basis.
Written by Andrew McClean
Kevin Jenkins, UK & Ireland managing director at Visa, said: “Growth in the experience sector continues to be a significant driver. Valentine’s Day and the half-term break gave consumers more reasons to dine out and treat their loved ones to short getaways around the UK.
“At the same time, the level of growth in the leisure and hospitality sectors was softer than we have seen in the past year, showing signs that consumers are becoming more cautious with their discretionary spending.”
The figures reflect overall consumer spending and not just that on cards.