St. Patrick's Day is a widely celebrated holiday, not only in Ireland but around the world. With its festive atmosphere and cultural significance, it presents an opportunity for businesses to tap into the holiday spirit and boost sales. As we approach March 17th, 2023, let's take a look at the latest statistics and trends surrounding St. Patrick's Day spending.
According to a recent survey conducted by the National Retail Federation, 58% of Americans plan to celebrate St. Patrick's Day this year, with total spending expected to reach a whopping $7.1 billion. This marks a significant increase from last year's spending figures, highlighting the continued popularity of the holiday.
So, what are Americans spending their money on this St. Patrick's Day? When it comes to specific items, alcoholic beverages are a top spending category, with 43% of respondents indicating that they plan to purchase beer, wine, or spirits for the holiday. This is followed by food (29%), clothing/accessories (14%), and decorations (10%). Interestingly, younger consumers are more likely to spend on St. Patrick's Day-themed merchandise, with 23% of those aged 18-24 planning to purchase such items compared to just 5% of those aged 65 and over.
With such significant spending expected this St. Patrick's Day, this presents a unique opportunity for restaurants to attract customers and increase revenue. Here are a few ways in which restaurant can capitalize on the festivities:
- Offer Special Promotions: Restaurants can offer discounts, promotions, or limited-time deals on St. Patrick's Day-themed products or services. This can entice customers to make purchases and boost revenue.
- Host St. Patrick's Day Events: Restaurats can host events such as live music, trivia games, or special tastings to draw in customers and create a festive atmosphere. This can help build brand loyalty and attract new customers.
- Create Social Media Buzz: Social media can be a powerful tool for businesses to promote their St. Patrick's Day offerings. By creating engaging content and running social media campaigns, businesses can reach a wider audience and boost their online presence.
- Decorate the Business: Just as individuals decorate their homes and offices for St. Patrick's Day, businesses can also get into the spirit by adding Irish-themed decorations such as green balloons, streamers, and tablecloths. This can help create a festive atmosphere and make customers feel welcome.
In conclusion, St. Patrick's Day is a significant spending event for Americans and presents an opportunity for restaurants to attract customers and increase revenue. By offering special promotions, hosting events, creating social media buzz, and decorating the venue, restaurants can capitalize on the festivities and make the most of this popular holiday.
About Dashy Dash
Dashy Dash is a free community powered tool that makes it easy to manage invoices, discover new products & compare prices to help you save money.
With Dashy Dash restaurants and bars can...
...Automatically catch rising prices before they spin out of control
...Benchmark the prices they pay for supplies against those paid by other restaurants and bars
...Easily find alternative products and suppliers in their area
It's free, join us. Get Started Today