Casual Dining Decreases After Labor Day
October 15, 2014
You may have noticed lately that your email and TV commercials have been flooded with announcements about discounts and specials at your favorite casual dining restaurants. According to Bloomberg Businessweek this is related to the decrease in Restaurant spending that hits restaurants after the Labor Day holiday.
Restaurants typically are more expensive then meals prepared at home and during the months after students go back to school and families are spending in other areas such as school clothes, supplies, books or tuition, dining out becomes one of the first expenses cut.
The chart below demonstrates the drop and spikes in the dining industry spending.