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Falling Unlike Domino’s: Restaurants Feel the Credit Crunch Published: 03.06.2009 | Author: asingleton | Category: Business
Recent studies carried out by the Clapham House Group and Regent Inns correctly predicted a slowdown in consumer spending Taijuan Walker Diamondbacks Jersey , causing a slump in the share prices of restaurants and bar chains across the UK. There were a variety of reasons behind this predicted slump in consumer interest, including the continuing impact of the smoking ban, England failure to qualify for the Euro 2008 Championships and, of course, the continuing credit crunch.

So why has Domino seen such an increase in popularity? Quite simply: because other, eat-in restaurants have seen a decline. Because of the credit crunch, people are now unwilling to pay the high prices of restaurants and bars, and are eating out a lot less than they have done in the past. Instead, more and more people are staying at home and ordering take-away pizza and other fast food.

As a result in the upturn of fast-food Archie Bradley Diamondbacks Jersey ,

Comparing the more credit card-friendly cost of a takeaway pizza, Chinese meal or Turkish kebab with a wallet-busting sit-in restaurant meal, it’s hardly surprising that the fast-food industry has experienced an upturn in trade and profits Yasmany Tomas Diamondbacks Jersey , given that the average two adults and two children ‘nuclear’ family can feed themselves for the equivalent cost of a three-course dinner for one in many restaurants. Add in the cost of a bottle of wine and a few beers, drinks and ice-cream for dessert from the local supermarket and the cost of eating in as a family weighs far below the likely restaurant bill – plus by eating in at home, you won’t have to tip the waiter!

There are other advantages to eating in at home, too. For starters, you won’t be limited by the restaurant’s choice of dishes as everyone can get exactly what they want from any manner of takeaway establishments – after all, most towns and cities have any number of fish-and-chips shops Jake Lamb Diamondbacks Jersey , Chinese takeaways and local pizzerias as well as takeaway shops catering for other types of food. Plus, depending on what you order, there may not be any washing up afterwards; just throw the empty container in the bin and you’re done!

And, you’ll be hard-pressed to find a restaurant where you can watch your favourite DVD while eating your dinner, making eating in at home almost as much a social event as eating out as you can invite your friends along to your house too – and all at a fraction of the cost; so long as they bring along their own takeaway, of course!

This article has been written for information and interest purposes only. The information contained within this article is the opinion of the author only Alex Avila Diamondbacks Jersey , and should not be construed as advice or used to make financial decisions. Expert financial advice should always be sought and any links contained within this article are included for information purposes only.

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Article Tags: credit crunch, Domino Pizza, eating in, eating out, nuclear family Jarrod Dyson Diamondbacks Jersey , Takeaway

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