The percentage of the UK’s largest restaurant companies turning a profit has doubled in the last year, according to new figures. However, further interest rate rises now hover over the horizon. As a result, hospitality’s biggest operators could be facing new challenges on their return journey to profitability.
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Hospitality has had a rough three years. As the dust settles on Covid, we are still coming to terms with the impact of closures and restrictions which wreaked havoc on the nation’s ability to socialise, and this cut a vast swathe through industry profits. Ultimately, Covid-19 decimated sales and led to thousands of venue closures and job losses. But a new survey looking at consumer opinion offers a smidgeon of light at the end of the pandemic and cost of living tunnel.
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The restaurant sector is showing some strong recovery after running the gauntlet for the past couple of years. However, alcohol’s future looks more tenuous, with the role of drinks – and the share of more expensive, premium products – becoming increasingly squeezed by ever-ratcheting living costs.
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James Bayley dives into ‘quintuple shock’ looming on the horizon in April, as businesses call for more ongoing support to boost recovery.
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Rising consumer confidence about safety and the easing of Covid-19 restrictions helped Britain’s managed pub, bar and restaurant groups to a modest increase in sales in January, the Coffer CGA Business Tracker has revealed.
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Global exports of Scotch whisky grew to £4.51bn during 2021, according to figures released today by the Scotch Whisky Association (SWA), as the industry continues to recover from the impact of the Covid-19 pandemic and US tariffs.
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The easing of Covid-19 restrictions is having a positive impact on drink sales across the on-trade, according to the latest CGA Drinks Recovery Tracker.
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Sales of alcohol in the on-trade have continued to lag behind the levels seen in 2020, according to the latest CGA Drinks Recovery Tracker, yet a resurgence is forecast as Plan B restrictions come to an end this week.
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Newly released data from UKHospitality and CGA Strategy paints a grim picture for on-trade businesses, with sales in UK pubs, restaurants and bars falling 60% on Christmas Day, 31% on Boxing Day and 27% on New Year’s Eve, when compared to 2019.
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Liberty Wines’ latest report has noted the positive effect of the reversal of the trends from the on to the off-trade over the course of the pandemic, with the growth in popularity of independent wine retailers during lockdown and an overall move towards experimentation feeding back into the on-trade and helping to boost sales.
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The licensed sector has shrunk by nearly 10,000 sites from pre-Covid levels, the new Market Recovery Monitor from CGA and AlixPartners has revealed.
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The business minister Paul Scully MP has promised that the Government will continue to listen and engage with the sector.
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The UK’s hospitality industry must embrace more flexible working patterns if it intends to survive, a leading commentator has claimed.
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It’s been a one-of-a-kind 18 months for the trade. Here, as we begin to push into the second half of the second year of the pandemic, Harpers is catching up with businesses to find out how they’re focusing on recovering from the shock, and what challenges and opportunities lie ahead.
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It’s been a one-of-a-kind 18 months for the trade. Here, as we begin to push into the second half of the second year of the pandemic, Harpers is catching up with businesses to find out how they’re focusing on recovering from the shock, and what challenges and opportunities lie ahead.
Read more...
It’s been a one-of-a-kind 18 months for the trade. Here, as we begin to push into the second half of the second year of the pandemic, Harpers is catching up with businesses to find out how they’re focusing on recovering from the shock, and what challenges and opportunities lie ahead.
Read more...
It’s been a one-of-a-kind 18 months for the trade. Here, as we begin to push into the second half of the second year of the pandemic, Harpers is catching up with businesses to find out how they’re focusing on recovering from the shock, and what challenges and opportunities lie ahead.
Read more...
It’s been a one-of-a-kind 18 months for the trade. Here, as we begin to push into the second half of the second year of the pandemic, Harpers is catching up with businesses to find out how they’re focusing on recovering from the shock, and what challenges and opportunities lie ahead.
Read more...
Drinks sales have continued to edge further back towards pre-Covid levels in August, with spirits emerging as the leading category helping to catapult the on-trade towards recovery.
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It’s been a one-of-a-kind 18 months for the trade. Here, as we begin to push into the second half of the second year of the pandemic, Harpers is catching up with businesses to find out how they’re focusing on recovering from the shock, and what challenges and opportunities lie ahead.
Read more...
