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Strong sales growth for hotels, restaurants and bars

Dining - Consumers continued to flock to hotels, restaurants and bars - SantanderCB

Consumers continued to flock to hotels, restaurants and bars last month, with the industry achieving its best sales growth in years. Overall spending was up by 2.2% in February on a year-on-year basis, after a 2.5% increase in January, according to Visa Europe. The best performers were hotels, restaurants and bars, which rose by 13.6%, and recreation and culture, which was up 9.7%. Annabel Fiddes, an economist at Markit, said: 'Consumers continue to benefit from record low interest rates, subdued price trends and relatively low unemployment.'

 

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