Of course, online can’t replace some traditional consumer spending habits, thus miscellaneous goods and services, such as hairdressing, experienced a 12.1 per cent spending increase.
Tony Bailey of Top Notch Hair & Beauty in Manchester, said: “Less people walked through the door in August. But those that did, spent more on products and services than usual – the value of transactions was up 11% last month. People seem to be stocking up on haircare products in particular to take on holiday with them.”
Elsewhere, the hospitality industry continued its strong performance as spending in hotels, restaurants & bars grew by 8.9 per cent year-on-year, which is even higher than the 8.6 per cent growth experienced in July.
But it was the recreation & culture sector, which is inclusive of cinemas and theme parks, that appears to be the one to watch. While it’s 6.1 per cent increase wasn’t the largest growth, it was the largest spending increase the market has had to date.
Meanwhile, marginal growth was found in the food & drink and household goods categories at 2.3 per cent and 1.4 per cent respectively, with the former’s representing the fastest growth for six months. Clothing & footwear, however, continued a decline and fell 1.8 per cent.
“Overall it’s been a strong summer for the British tourism industry. Like July, Brits are spending on family fun, meals and entertainment in particular. Indeed we’ve never seen such strong growth in recreation and culture spending in six years of tracking,” said Kevin Jenkins, UK & Ireland MD, Visa Europe.
“The other big winner has been online retailers. While August’s mixed weather didn’t put off family activities, it did create a 10% surge in online spending at the same time. The end of summer online sales likely contributed too to a bumper month for online
By Zen Terrelonge
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