Consumers are spending an average of £69.64 on a night out, which is up 3.9 per cent year on year.
According to the latest Deltic Night Index, consumers are also going out more often, in line with last quarter. The research shows that we go out on average 1.51 times per week, compared to 1.42 times last quarter and 1.19 times last year.
The report also found that the pub continues to be the most popular form of late-night leisure entertainment with a quarter saying that this is the form of late-night leisure they spend the most money on each month.
More than 4 in 10 (42.3 per cent) Brits plan to go out more often during the festive period than they usually would, and nearly half (47.8 per cent) tend to spend more on these nights out than usual.
Peter Marks, Chief Executive of Deltic, said: “We know that consumers celebrate occasions by going on a night out, and what bigger occasions are there than Christmas and New Year?
"We’re seeing this trend reflected in this quarter’s figures – more than 50 per cent of Brits believe that a big night out is a good way to celebrate the end of the year, and as the figures show, we certainly will be celebrating! More than 40% of us will enjoy more frequent nights out to catch up with friends and almost half of us will spend more while we’re out.
“Here at Deltic, the festive period is one of our busiest times, and we are looking forward to delivering fantastic, safe, entertaining nights out for our customers through Christmas, New Year’s Eve and beyond.”