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Spending at Alberta restaurants sets record

Spending at Alberta restaurants sets record

Posted on: 2/21/2019 | Author: ATB Financial's Economics + Research Team

​​Alberta's monthly restaurant and bar receipts rang in at $810 million in December, the highest total on record. This figure includes four major types of food and beverage establishments: fast food, full service, bars and pubs, and special food providers such as caterers. The data are adjusted for seasonal variability.

December’s total was nearly one per cent higher than November, which held the previous record high at $803 million. Last year's total food and drink receipts were up nearly 2.2 per cent over 2017.

Compared to other provinces, Albertans continued to spend the second most on meals and drinks outside the home. The average Albertan spent close to $190 at restaurants or bars in December. British Columbia remain in the number one spot with spending at $213 per person. The Canadian average was $167.

While it’s a good sign that sales reached a new record, this only tells us that revenue is rising. It says nothing about how profitable Alberta’s restaurants and bars are after expenses are considered.

Restaurants and bars, graph

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