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Wed 18th Dec 2019 - Late-night leisure spend rises 3.9%, more growth on horizon as ‘Brexit fog lifts’
Late-night leisure spend rises 3.9%, more growth on horizon as ‘Brexit fog lifts’: Consumers are spending an average of £69.64 on a night out, a 3.9% rise from £67.05 a year ago, according to the latest Deltic Night Index. As well as spending more, consumers are also going out more often – an average 1.51 times per week compared with 1.42 times last quarter and 1.19 times last year. Deltic Group chief executive Peter Marks told Propel he expects that frequency to increase further as the “fog that is Brexit lifts”. Growth has been driven by increased spend across all categories except “drinks in the venue”, which was roughly flat. The highest-spending age group was 26 to 30-year-olds, with an average £75.24 spend. Almost three-fifths (58.8%) of respondents said they go on a night out at least once a week, up from 53.9% last year. That figure rises to more than three-quarters (78.6%) of 18 to 30-year-olds. More than one-quarter (26.2%) of 18 to 21-year-olds go on a night out two or three days a week, compared with 14.7% of all consumers. More than one-quarter (25.6%) of respondents spent most late-night money in pubs, followed by bars and clubs (25.1%). However, bars and clubs are most popular among those aged 18 to 21 (41.1%), followed by the cinema (26.5%) and the pub (18.3%). The Index, a quarterly report published by premium club and bar operator The Deltic Group, also found more than half (50.3%) of respondents feel a big night out is a good way to mark Christmas and the New Year. More than two-fifths (42.3%) of Brits plan to go out more often during the festive period than they would normally, while almost half (47.8%) are likely spend more on those nights out than usual. That figure rises to 50.6% for 31 to 45-year-olds, 54.1% for 26 to 30-year-olds and 58.2% for 18 to 21-year-olds. Marks said: “Whatever your political leaning or however you voted in the EU referendum, the past three years have been a bloodbath. Now we’ll hopefully start having a more positive message from parliament and that has got to be a boost for the economy. In turn, I think we’ll see people going out more frequently, particularly as the fog that is Brexit lifts. More than 50% of Brits believe a big night out is a good way to celebrate the end of the year and, as the figures show, we will certainly be celebrating!”

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