Market in Minutes: Tourism, leisure and events market – Autumn 2024
"How consumer behaviour is redefining market trends"
Tagged Articles
"How consumer behaviour is redefining market trends"
"Consumers are still prioritising spending on eating and drinking out, as well as at-home delivery; however, their spending patterns remain polarised"
"The competition for drive-thru space has become increasingly fierce as their popularity with the consumer continues to grow"
"Domestic tourism is driving the regional economy"
"With the leisure market facing the first festive period in three years without consumer restriction, following strong growth over the summer months, how much will consumer spend be tapered with the rising cost of living and, what other financial pressures face operators, as we move towards 2023?"
"The end of lockdown has seen improvements in acquisition activity for leisure operators across high streets, shopping centres and retail parks"
"Out-of-town retail destinations have seen increasing competition for F&B space as consumers continue to recognise the convenience of their locations, leading to a significant uplift in the rents that can be achieved at this format"
"Despite the food and beverage sector seeing some improvement in consumer engagement and operator acquisitions in town and city centres, it is regional locations that have seen a significant uptick in fortunes, allowing businesses to return to profit"
"Restaurants have seen a similar pattern of behaviour to the rest of the food and beverage market"
"Looking forward, the performance of restaurants, as well as the rest of the hospitality industry, may prove to be more tapered as it attempts to navigate the current economic headwinds"