Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Hotels and restaurants record strongest consumer spending in September

07 October 2011 by
Hotels and restaurants record strongest consumer spending in September

Hotels and restaurants recorded the strongest increase in consumer spending in September, according to Visa Europe's Expenditure Index.

The credit and debit card company said restaurants and hotels had registered an 8.9% increase in spending compared with 12 months ago - significantly better than August, when it was still up by 5.1%.

The performance compares favourably with other sectors, which appear to be struggling. Spending on food, beverages and tobacco was down 5.9% in September compared with a year ago, with clothing and footwear down 1.2% and transport and communication down 6.1%.

Overall consumer spending was up by 2.5% month-on-month in September, following a weak August, but was down by 0.9% year-on-year.

Commenting on the latest results, Dr Steve Perry, commercial director at Visa Europe, said: "Despite a rise in consumer spending of 2.5% in September, spending throughout the summer months has been variable and therefore unpredictable. Periods of consumer caution were followed by short bursts of spending as September recorded an improvement over August.

"Against this inclement background we have seen online shopping increase at pace, up 8.9% year-on-year in September. Elsewhere at the sector level, certain categories such as hotels and restaurants continue to see spending growth indicating selective discretionary spending."

Restaurant and pub spend up slightly in August despite riots >>

GMB blames rents as pub lager price rises outstrip inflation and tax by 80p per pint >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking