Consumers may be holding off on spending money during their weekday lunch excursion, but that doesn’t mean they’re not splurging on the weekend.
According to data compiled by digital payments platform Square, with hybrid work schedules keeping workers from commuting to offices full-time, weekday lunch outings continue to be down across the U.S. The trend means that restaurants and bars have yet to return to pre-pandemic levels, the platform found.
Square analyzed the share of weekly transactions at food and drink establishments in selected cities and calculated the percentage point change from 2019 to 2023. It also examined dining trends, along with shifts in consumer spending, and restaurant wages.
Some cities that led weekend transactions during that period include Atlanta, Boston, Detroit, Phoenix, and St. Louis.
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