Observed annual change of non-cash spending on restaurants is the largest decrease since mid-May - such is one tendency from TBC Capital’s most recent ‘Tracking the Recovery’ report.
According to TBC Capital, non-cash spending in restaurants down at -68% YoY in the 1-7 December period. At the same time, the report shows that forward December occupancies indicate less than a 10% rate for all regions. The data shows that it’s 1% for Seaside, 3% for Tbilisi, 6% for other regions, while Kakheti posted the highest rate at 7%.
