Bulletin

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.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Cardiff-based Forward Waste Management

Money will support the company, which serves the manufacturing sector, with Welsh and West Midland growth plans.

Bulletin

Where Next?