Friday, August 07, 2015
What America Thinks: Consumer Spending Update
Americans may be going out to eat less, but does that mean you’ll be waiting less time to be seated?
This month’s overall restaurant spending index dropped another 1.8 points to 102.0, the lowest finding since last November. Forty-three percent (43%) now say they are eating out less often, while half say their restaurant habits are unchanged from six months ago. Just 7% say they are going out more.
Fast food restaurants may be suffering from this dip the most. Just 23% now say they are frequenting fast food options, compared to the 25% to 30% that we have consistently found since last October.
But casual restaurants may be picking up some of the patrons that fast food joints are losing. Sixty-four percent (64%) now say they tend to go to casual restaurants with more than half saying their per person spend is typically between $10 and $20 when going out.
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