The Christmas period was a joyous one for the hospitality sector, with revellers boosting the coffers of bars and restaurants across the UK as spending increased 13.2% year-on-year. The busiest day of the festive period was 22nd December, with spending up almost a quarter on 2016 figures at 23.1%. Total hospitality spending across the pre and post-Christmas period was £491 million, with £8.1 million spent on Christmas Day.
The residents of Bristol & Brighton really got in to the Christmas spirit – restaurants and bars in these cities recorded the biggest increases in hospitality related spend – up 23.1% and 22.0% respectively. North of the border, Edinburgh was not far behind, with an increase of 18.4%.
Notably, on Christmas Day itself, hospitality spend was up by 5.3% compared to last year, as more Brits than ever ditch the kitchen, opting to eat out on 25th December.
James Frost, UK CMO, Worldpay, said: “This was a really interesting and a positive Christmas season for the hospitality sector. The fact that the pre-Christmas working week ended on Friday the 22nd is a likely reason for the surge in bar and restaurant spending on that day, as revellers finished work and embraced the festive spirit. We also saw increased hospitality spending on Christmas Day, which is evidence of the trend towards more people eating out on the day. It might also indicate that many people chose to take some of the stress out of the day with pre-lunch pint at the local pub.”
*Analysis of Worldpay transaction volumes 18th – 31st December 2017 compared to the same two week period 2016.