Changes in leisure activity participation and spending indicate that consumers are choosing quality over quantity when it comes to drinking and dining out.
Albany, NY -- (SBWIRE) -- 01/22/2018 -- Market Research Hub (MRH) has added a new study titled "Leisure Outlook in United Kingdom - December 2017" to its massive database. The report presents the current nature and future status of the United Kingdom leisure outlook. The key methodology used for evaluating the validated data are provided in the report. The research publication throws light on the data source, abbreviation, appendix, and supporting information related to this market is provided. The historical data and statistics of the leisure outlook are also mentioned in the report. The introduction of major activity and participation by the key players are highlighted in the study. The report provide relevant information about the spending on leisure activities.
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Key Highlights from the Report
The report states the current participation in leisure activities, as once a month or more, drink and food related information for the period ranging from April 2017 versus October 2017. The report also talks about the changes in spending as it reveals quality over quantity mindset. The report suggest that the trends in what additional money is spent on. The report also throws light on the consumer preference for quality over quantity. Pub dining sees greatest increase is one of the major factor influencing the leisure outlook scenario in the United Kingdom. Whereas, overall leisure activity participation growing is another factor revealed in this report. Consumers are opting for pubs to get quality food, growing use of the pub voucher in pub and increase in online activity is driving the trend of leisure activity in United Kingdom.
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Leisure Outlook in the United Kingdom
The report gives information on the consumer expenditure on leisure and the quantum of money spend by the consumers for various leisure activities. This is a strong contributing sector in the growth of the economy of the United Kingdom. It is mentioned in the report that to spend time on leisure, consumers should be confident about their personal financial situation and possess a good amount of sufficient disposable income so that they can spend this money on non-essential activities. The report also states that due to the impact of the Brexit, the leisure sector in the United Kingdom acts as a key indicator for measuring the strength of the economy of the United Kingdom. There is currently low inflation in the economy of UK due to the factors such as falling oil prices and falling prices of other commodities. These factors along with high rates of employment and improving scenarios of income has lifted the confidence of the consumers. However, the real effect of Brexit on the leisure outlook in the United Kingdom has not yet been measured. The mindset of the consumer has also changed and due to the fact that the consumers are preferring the collaborative economy has made them more efficient by sharing goods and services instead of buying them. This leaves them more money to spend of leisure activities and consumers can spend more on the activities that they enjoy.
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