Independent restaurant owners are optimistic about 2017. 56% of respondents indicated they are more optimistic now than this time last year. 27% report they feel about the same, and only 17% indicate that they are less optimistic. For those who report feeling optimistic, over half attribute it to improved business practices or systems. Interestingly, respondents tended to attribute their optimism to either internal factors or external factors.
Boom or Bust? Over 500 Independent Restaurant Owners Voice Their Thoughts on 2017
Spending in restaurants at a five-year high
Eating out at restaurants, as well as spending nights in hotels is at a five year high. This was in contrast to a record low, when spending was at a minimum. The new report showed that households had not completely recovered from 2008, when there was a financial crisis. There have been shifts in what people are spending their money on.
Key Takeaways:
“In a statement, Jo Bulman, ONS statistician, said: “While overall household spending didn’t change much in real terms since the previous year, we did see some interesting shifts in the types of things people are spending their money on.””
http://www.bighospitality.co.uk/Business/Spending-in-restaurants-at-a-five-year-high?utm_source=RSS_text_news&utm_medium=RSS_feed&utm_campaign=RSS_Text_News
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