New Yorkers may be dining out less often in the week and brown-bagging lunches to work, but when they do go out, they tend to spend more money, particularly at the bar, as reported by TheStreet.com. This is good news for bar restaurants, such as the family-owned Park Plaza in Brooklyn Heights, which combines a diner, restaurant and a bar, since alcoholic drinks carry higher margins and increase profits.
While consumers remain somewhat cautious in the aftermath of the recession, they are inclined to splurge now and again and cap off the week with an upscale meal or a few drinks. October showed larger tabs at New York restaurants, which may also indicate that New Yorkers are dining out in larger groups.
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