Maltese are Europe's keenest restaurant spenders
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Maltese are Europe's keenest restaurant spenders

One euro in every five goes towards eating out and hotel stays

Locals spend a significant chunk of their income on eating out. Photo: Mark Zammit Cordina

Locals spend a significant chunk of their income on eating out. Photo: Mark Zammit Cordina

Eating out and hotel accommodation amount to a fifth of what families spend, the highest rate in Europe, according to the latest figures.

Eurostat data showed that last year 20% of families’ expenses consisted of meals at restaurants and hotel stays. This was slightly higher than the 19% registered in the previous year.

Cyprus and Spain were the closest biggest spenders in the two categories – 17.5% and 16.8% respectively – followed by Greece and Ireland. The EU average stood at 8.8%.

Eurostat also reported that 12% of Maltese families’ expenditure went into food and non-alcoholic beverages and a tenth of what they spent was connected to recreational and cultural activities.

Ironically, families spent the same kind of money on alcoholic beverage and health-related costs – 3.9% of their total expenditure. Buying clothing and foot-wear amounted to 4.7% of expenses and almost 12% of families’ expenses consisted of transport costs.

Eurostat figures released about two months ago showed that food and non-alcoholic drink prices in Malta had increased by almost 70% since 2000. This was the ninth highest increase within the EU and well above the European average of 43.3%.

It had also reported that goods and services prices rose by 41.2% in Malta between 2000 and 2017. Within the EU, these prices went up by 36% overall.

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