Credit crunch bites into UK eating-out market

18 September 2008 by
Credit crunch bites into UK eating-out market

Nearly two thirds of families in the UK are eating out less now than they were a year ago as a result of the economic downturn, research has revealed.

A survey of 500 families, by media agency MPG, found that 64% are dining out less frequently, while 46% have cut back on the amount they tip when eating out.

MPG's research also found that more than two-thirds (67%) of families are now spending more nights at home, with 63% saying they favour a night at home to spending on leisure activity, such as eating out or the cinema.

She added: "Interestingly, many felt that the changes they have made to their lifestyles would probably not change back when the crunch is over."

The research flies in the face of a recent survey of 5,300 diners by London restaurant guide Zagat, which revealed that only 5% are spending less on eating out than they did last year.

Check out our dedicated page on the credit crunch >>

Gordon Ramsay beats Marcus Wareing to top spot in Zagat London restaurant guide >>
Credit crunch hard on independent restaurants in major cities >>
Consumers to cut back on eating out during credit crunch >>

Credit crunch is stifling innovation in hospitality >>

By Kerstin KÁ¼hn

E-mail your comments to Kerstin KÁ¼hn here.

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