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Restaurants May See Diners Spending More

From Nation's Restaurant News writer Sarah Lockyer: Consumers seem to be getting hungry. According to new data from Atlanta-based RBC Capital Markets, fewer consumers plan to cut back on restaurant spending in the next three months and a larger number of consumers than in previous months actually plan to spend more at restaurants. In RBC‚s April survey of 2,717 consumers, 44 percent of the respondents said they were planning to spend less at restaurants during the next 90 days, an improvement from the 50-percent reading in March. The percentage of consumers that said they were planning to spend more at restaurants rose to 6 percent in April, from 5 percent in March. Even more, when the economy does improve, 44 percent of the respondents said they would spend more money on dining out and everyday entertainment, second only to 48 percent of the respondents who said they would spend more on travel. Others said they would increase spending on household repairs or improvements (36 percent), consumer electronics (30 percent), durable good for homes (30 percent) and automobiles (22 percent).
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