Coffee boosts leisure spend
Leisure consumers are continuing to spend money, with experiences such as barista-style coffee, remaining popular.
The latest Deloitte Leisure Consumer report, the quarterly survey of more than 3,000 UK adults found that more consumers reported spending in coffee and sandwich shops, which topped quarter-on-quarter leisure spending growth by category, rising three percentage points.
Overall leisure spend saw marginal growth in the second quarter of 2019, with net spending up one percentage point both quarter-on-quarter and year-on-year.
However, political and economic uncertainty continued to create caution in some consumers, with a third (32%) expecting to reduce their leisure spend in the next six months.
The report revealed that consumers still took greater pleasure in new experiences rather than material things.
Simon Oaten, partner for hospitality and leisure at Deloitte, said: “Following a strong start to the year, net leisure spending has risen marginally again this quarter. Whilst consumer confidence remained flat over the same period, strong leisure spending means consumers continue to power the economy. The question is how much longer they can continue to do so.”
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