15% of Visits to ‘Foodservice’ Establishments Occur at Night: Between 11:00 PM and 8:00 AM, Generating Revenue Close to 4 Billion Euros, According to Data from Circana’s CREST Panel. A Figure Highlighting the Significant Economic Impact for National Coffers
“Spanish dining, oh divine treasure,” parodying Rubén Darío in his poem “Song of Autumn in Spring.” More than an eloquent phrase, it’s a sentiment. Going to bars or restaurants is part of Spaniards’ habits, our culture, our socializing nature, and our Mediterranean consumption pattern. This fact has become even more evident after the global health crisis, emphasizing the importance of the restaurant and hospitality sector to Spaniards in their daily lives, a sector they support unconditionally.
Spanish restaurants were among the hardest hit, with a significant 41.5% drop in revenue, placing them among the most affected in Europe. However, what seemed to be a devastating blow turned into a notable turning point. Spain emerged as a leader in recovery, leaving behind the shadows of economic uncertainty and closing 2023 with nearly 11% growth, surpassing expectations and setting a new standard for its European neighbors, as noted by the Circana consultancy.
Source: Bar Business
