Changing times: How spending trends are reshaping cities

Major changes to the ways people eat out and socialize post-pandemic are resetting the “economic clock” of cities from New York to Melbourne and Sydney to London.

Increased hybrid working means New Yorkers are choosing restaurants closer to home, and that’s driving a jump in spending in areas such as the Bronx and Queens. In central Sydney, Thursday now tops Friday as the night to go out while Melbourne’s suburban restaurants are seeing a lunchtime boom. Restaurants in London’s business areas are still feeling the impact of fewer office workers, but tourists are providing a boost and the West End retains its crown as the most popular place for a night out.

Tapping into these data-driven insights from the Mastercard Economic Institute can help restaurants cash-in on emerging trends and cities begin to adapt transport and infrastructure to suit changing times.