With consumers now clinging to every dollar to deal with the lingering effects of the global economic downturn, they seem to be willing to part with at least $25 to purchase a cocktail drink and similar alcoholic beverages. This is according to Trevor Pascal, bartender and shift leader at the popular Zanzibar restaurant at the Fiesta Village, MovieTowne at Invaders' Bay in Port-of-Spain. Alcohol sales at several bars and restaurants throughout the country have been experiencing similar trends, with a few minor differences. Pascal said the financial downturn has not really impacted negatively on consumers' drinking habits, but it has just changed the way they spend their money.
Pascal said that about nine months ago, the more expensive drinks like scotch and whisky, were the number one sellers, but that trend has changed. These sales have fallen below average. On weekends, which nowadays start on Thursdays, consumers are now purchasing cocktails and rum, he said. Yes, rum! He said consumers have been supporting local rum products, Angostura's new Single Barrel. This is a hit on the market, Pascal said. He described it as affordable, very smooth and palatable. Describing it as disguised liquor, Pascal said he is not a lover of rum, but he has to admit this new product's popularity is growing. He said it drinks like a cognac and is better than traditional alcoholic beverages.
Pascal said cocktails have become another big seller. This trend begs the question: How can cocktails be a big seller if consumers were gravitating to cheaper drinks? Pascal explained that a cocktail and the ice-cream drinks had greater quantity, so while it may be more on the expensive side, consumers would have fewer cocktails as opposed to other alcoholic beverages. He said a patron may sometimes consume only two cocktails for the night. Consumers may be spending some of their hard-earned dollars on pricey cocktails at the expense of bartenders' tips. "Our tips for each night have reduced. Workers are going away with less money," Pascal said.
Overall sales
Giving a more general overview on the dining out business, Gigio Omana, general manager of Zanzibar, said the restaurant has experienced a 20 per cent decline in overall sales: food and drinks. He said that compared to November and December 2009, sales have slowed down significantly. He is hoping that sales pick up very soon. Omana said from May to early September, (holidays) are usually their busiest periods. He believed that since the legislation regarding drinking and driving was passed a year ago, consumers were behaving more responsibly and, as a consequence, are watching how much alcohol they were consuming. He said when patrons come to dine, they gravitate toward cocktail drinks, like martinis, mojito and Long Island iced tea. Omana said the restaurant focuses on pushing its diverse dishes while using the bar as a complement to its fine foods, which include American, French and Italian dishes.
Supermarket sales
Conversely, the sale of alcoholic beverages at the supermarkets is different. Amar Ragoobar, the manager of Prices Supermarket in El Dorado, said his customers are purchasing the more expensive drinks. He said consumers are buying alcohol like scotch. Another big seller at this time is cherry brandy, which people use to soak fruits for the traditional black cake. "My sales have not been affected. They are the same because people are buying the more expensive liquor," Ragoobar said.
Spending less on old habits
Another business owner, who wished to remain anonymous, said his experience is that consumers' spend has been more conservative. "Their spend is less....not really compromising what they are drinking, but how much they are spending," he said. He said that consumers' spend may have dropped by about 50 per cent, which he attributed to not only the financial downturn, but also to the opening of new businesses and crime. He said there were many new bars and restaurants in concentrated areas chasing the budgets of the same people.
He said a lot of people no longer venture out due to the increase in crime, preferring to stay in their own area and patronise neighbourhood bars. He also believed that people are not changing their tastes, but rather downgrading to more affordable brands. He said he believed that once a person is a scotch drinker, they would remain one and buy an affordable brand of whisky. Introduction of the breathalyser legislation has led to consumers drinking less and being more responsible in how they drink alcohol.?
