The average spend on a night out has increased by 18.8% to £70.56 year-on-year, according to the Deltic Night Index – the figure includes money spent on pre-drinks and transport.
For the first time there has been a noticeable decline in the number of respondents that cited the pub as the type of late night leisure they spend the most money on each month, down by 2.4% year-on-year to 23.9%.
Among 18-21 year olds, clubs are the most popular option, with 28.2% saying this is the late night leisure activity they spend the most money on each month.
There has also been a steady rise in spend at the cinema, rising 2.8% to 16.4%, with 73.% of people between 18-30 said they go on a night out at least once a week.
Peter Marks, chief executive, Deltic said: “We know that young people enjoy a good night out, but this data reinforces why going out is so important to them – it provides the opportunity to bond with friends and meet new people, both of which can be difficult to do in today’s busy world.
“It’s always good to see an increase in consumer spend, but I think what’s notable here is that there is a more even spread in terms of where Brits are spending their money – for the first time we’ve seen a notable decline in the number of respondents that said they spend it at the pub, and we’re continuing to see an increase in spend at the cinema. I think this is reflective of the evolving mix available in the night time economy, with more well invested destinations, which is only a good thing.”