Restaurants being used as pawns between OpenTable and Resy is showing how much capturing big spenders in these categories matter to credit card companies, said Priya Krishna at the New York Times.
The average American puts about 60% of their food budget toward groceries and 40% toward eating out, according to Circana.
Instead of $50 main courses, they’re opting for sandwiches and other lower-priced items, say restaurants around the country.
While some are craving the restaurant experience, others have discovered they enjoy cooking for themselves.
Spending continues to grow, but at a slower pace. And some expect it to level off altogether in the coming quarter.
