Millennials
One of the most important trends to have emerged in recent years has been consumers’ shift from owning goods to experiences. A study by Harris Group found that 72% of millennials would rather open their wallets based on experiences rather than on material items. Spend on holidays and leisure activities were least impacted by recent […]
Millennials
The adoption of video streaming services has shown no signs of slowing down in the last few years. With more players such as Disney and Apple soon to launch their own platforms to join the likes of established brands such as Netflix and Amazon Prime Video, it looks like streaming media are definitely here to […]
Retail
Higher income households spend almost three times more on recreation, culture, restaurants and hotels than those in lower income groups. The 50% highest earning households in the UK spend on average £165 per week on recreation, leisure, restaurants and hotels compared to £57 per week from households in the lowest 50% income brackets. This increase […]
Retail
UK consumers over 50 spend almost twice as much on recreation and culture than those under 30. According to the ONS Family Spending report people over 50 spend £81 per week on recreation and culture vs only £44 spent by the Under 30 age group. Over 50s spend more than the young shoppers in all […]
