Fish and chip shops across the UK are set to share in an estimated £118m revenue boost from extra consumer spending over both bank holiday weekends in May, according to new figures from Paymentsense.
Data from the company’s 70,000 small business customers across the UK, reveals that sales volumes were up 6% over the first May bank holiday weekend in 2018, and then a further 5% over the second.
Whilst not surprisingly garden-related spending saw the biggest uplift in sales, expenditure on takeaway and fast food increased 24% over the norm, putting it just behind hotels, which was up by a quarter, and pubs, bars and nightclubs, which enjoyed a near two-thirds (60%) sales lift.
Regionally, the South East saw the greatest uplift in trade, followed by the South West and the North East. Top cities were Portsmouth, Exeter and Brighton.
Guy Moreve, CMO, Paymentsense comments: “Despite recent uncertain times for small businesses, our early analysis suggests that the trend of extra consumer spending across both bank holiday weekends is set to continue this year.
“As spring turns to summer, purchasing trends shift with the seasons: our figures suggest May, with its two bank holidays, is the real start of summer for many people - their attention turns away from practical purchasing towards outdoor activities and entertainment.”