Economics Newsletter: The Return of New York's Nightlife
New York nightlife is back! With a vengeance. This figure from Mastercard shows how much spending at night has increased since 2019, particularly on the weekends in downtown Manhattan. Nighttime spending is up nearly 30% on some days. One reason why may be that people are not going out at lunch anymore, perhaps because they work from home and are saving up for the weekend. It is also hard to square with the increased popularity of 5 pm dining, maybe everyone is out, just out earlier.
Interested in real economic insights? Want to stay ahead of the competition? Sign up for our weekly newsletter here.
Photo by alexkoral/iStock