Saturday, March 25, 2023

That British tourists reduce their spending on entertainment impresses us

The UK is mired in one of the deepest inflation crises not seen in decades. And that crisis is affecting British leisure spending, which is very important to Spain. Especially as we have one of our main customers in British tourists, both in high season and low season. This comes from a survey which suggests that 52% of Britons say they go to restaurants less often on weekends than a year ago.

43% have reduced their consumption at bars and nightclubs and 58% say they have reduced purchases of non-essential items due to the increase in the cost of living. The data comes from a macro-survey by the We Invented the Weekend festival in collaboration with Ipsos and indicates that the economic crisis has reached the weekend.

The inflation crisis has reduced spending by UK citizens on leisure and travel (Photo: Pixlr)

The need to save affects tourism from the United Kingdom.

One in 3 Britons (35%) have already reduced the number of social outings to bars or restaurants in the past year. Three out of ten people estimate that they will reduce their trips to the movies or concerts.

What’s more, fewer than 1 in 4 Britons (26%) are expected to do activities that involve traveling or spending time outside the UK. Furthermore, he has already reduced his short weekend tours or reduced his appearances at concerts.

Why does this reduce spending on entertainment by British tourists?

For those who said they plan to go out less this year than last year, the main reasons for saying so were related to the need to save, and the most common responses included:

  • The need to save on bills and daily expenses (50%).
  • Not being able to afford social activities (43%).
  • Save for long term purchases.
  • Saving to go on vacation (32%).
  • Nation World News Desk
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