Bookatable CEO Joe Steele commented : “ Compared to the seemingly decadent days of the 80s , the business lunch has been on the decline in recent years .
Our research shows that perceived expense and a lack of time are major contributing factors – but many restaurants now offer incredible lunchtime deals coupled with speedy service . We want to encourage British business to get out of the meeting room and into the dining room .”
“ Impulsive ” consumer behaviour revealed
hospitalitytoday . com | 19
With the rise of quick and convenient apps , services and payment methods making it easier than ever for Brits to make instant purchases , new research from VoucherCodes . co . uk gives insight into the nation ’ s impulsive habits when it comes to disposable income . Over a quarter ( 26 %) of UK consumers say they buy on impulse at least four times a month , spending an average of £ 357 per year on spontaneous purchases . The leisure and hospitality industry benefits the most with the average spent each year on dinners and drinks out is £ 511.63 overall ; within this average , millenials spend £ 507.78 and over 55s spend £ 416.72 .
Sandwich Sales dip 6 % while street food booms
Labelling and eco packaging company Planglow have revealed new survey findings on the “ grab and go ” market : a dip in popularity for sandwiches while sales of hot food and drinks have soared . The research is based on sales of more than 50 million compostable packaging products sold by Planglow over the past two years , and the company is attributing the shift in consumer tastes to the rapid growth of the street food movement . Planglow estimates that hot food offerings now account for 8.6 % - or nearly one in twelve purchases - which is a 2.5 % increase in their grab and go market share . Hot drink sales have risen too - by 2.2 % - now commanding a tenth ( 10.2 %) of the market . Further findings suggest that , over the past year , sandwiches have lost a 6 % slice of grab and go sales , however they still make up 63 % of the market . Meanwhile salads are down 3 % in market share , and the average consumer is 25 times more likely to choose a sandwich than a salad-to-go .