By Claire Ferris-Lay
Gulf state’s residents spend the most in the MidEast on eating out at $299 monthly
UAE residents spend the most on dining out compared to anywhere else in the Middle East, with the average person splashing around AED841 ($229) a month on restaurant meals.
Some 30 percent of consumers in the Gulf state spend AED370-1,836 per meal while 11 percent say they are more likely to eat out more in the latter half of the year, MasterCard’s consumer purchasing priorities report found.
Consumers above the age of 55 top the list for dining out, spending an average of $738 per month in restaurants.
UAE residents with an annual household income of $30,000 spend close to $260 per month,” MasterCard said.
“This suggests a positive outlook for the UAE’s hospitality sector,” said Eyad Al-Kourdi, vice president and country manager for MasterCard Worldwide, UAE.
Consumers in Qatar are the second highest spenders in the Middle East ($229 per month) followed by Kuwait ($196), Lebanon ($105), Oman ($66) and Egypt ($38).
UAE consumers also rank entertainment high on their list of priorities with the average person spending 13 percent of their monthly income on leisure, hobbies and personal entertainment, noted MasterCard. The most popular form of entertainment in the UAE is the cinema and amusement parks, followed by health clubs/gyms and live performances.
Leisure activities and hobbies that UAE consumers currently enjoy or would be interested in over the next few months include shopping (48 percent), food (35 percent), surfing the web (34 percent), sport (23 percent) and reading (20 percent), said MasterCard.