Dining Out Declines

June 19, 2008

Looming recession drives Americans out of the restaurant, back into the kitchenThe restaurant industry is taking a hit as economic struggles plague the country. New consumer research from Mintel reveals that over half (54%) of people who dine out regularly are cutting back on restaurant spending because of the economy.Rising gas and food prices, home foreclosures and a fear of recession have caused many Americans to curb out-to-eat spending. Seventy percent of those trying to cut back are saving money by going out to eat less, rather than by choosing cheaper entrees or dining at less expensive restaurants, reports Mintel.

Related articles
January 18, 2024
Leisure
Article
Following a bumpy few years, the UK cycling market is on the road to recovery. According to new research from Mintel, new bicycle sales are forecast to climb by 12%…
August 17, 2023
Leisure
Article
From the thrill of axe throwing to the more traditional activities of darts or table football, sober curious Gen Zs (aged 26 and under) are choosing competitive socialising* over pub…
March 1, 2023
Leisure
Article
‘Fun’ will be a key theme to connect with Indonesian consumers who continue to be challenged by economic recessions and the rising cost of living. Mintel Global Consumer research shows…

Download the Latest Market Intelligence