Hospitality businesses are facing a case of ‘out the frying pan, into the fire’ this autumn as the UK teeters on the verge of a recession and a crippling cost of living crisis, leading members of the trade have said.
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With the first half of 2022 already history, Harpers asked key trade figures to highlight the current challenges, ongoing trends and opportunities.
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Inflation and price squeezes have impacted sales of FMCG products in the multiples over the past 12 weeks, including alcohol. However, in actual terms, alcohol is still a more profitable sector than pre-pandemic.
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Last week’s out-of-home drinks sales were 7% up on pre-pandemic levels, CGA’s latest Drinks Recovery Tracker reveals.
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Global shipments of Spain's signature sparkling wine grew by 16.45% in the first nine months of the year, according to the Cava Consejo Regulador.
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Grocery alcohol sales fell by 6% for the 12 weeks to 3 October due to the impact of the reopening of the on-trade, the latest data from Kantar has revealed.
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Lockdown fatigue has led to a boost in retail numbers as shoppers flocked back to the high street, though footfall has failed to deliver pre-pandemic levels.
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