According to Lumina Intelligence, the UK restaurant market reached a value of £18.6bn in 2023, spearheaded by premium branded establishments and menu price inflation.
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As the on-trade is hit by a cost-of-doing-business crisis, many are facing a tough decision unless government intervenes. James Bayley reports.
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Gaucho and M-owner Rare Restaurants will open 30 new sites following its double-digit revenue growth in 2023.
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As a summer of major fixtures looms, quality on-trade outlets are increasingly embracing lucrative shared viewing experiences, reports James Bayley.
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New data released today (30 January) has revealed more than 6,000 hospitality venues closed in 2023, bringing the total number of closures since the pandemic to nearly 23,000.
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Innovative tech, such as artificial intelligence (AI), is sometimes reserved only for large corporations with massive budgets. However, more and more SMEs are coming to the party, James Bayley finds.
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Britain’s top hospitality groups generated year-on-year sales growth of 8.8% in December, the latest CGA RSM Hospitality Business Tracker reveals.
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Drake and Morgan, operator of 17 premium bars and restaurants in London and Manchester, has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022 (4 weeks to 31 December 2023).
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Britain’s leading hospitality groups achieved year-on-year (YOY) sales growth of 4% in November, the new CGA RSM Hospitality Business Tracker has revealed.
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A new CGA report published today (29 November) has revealed that gigging in the hospitality sector could be the catalyst for a multi-billion pound boost to venues.
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Following rumours of a second duty hike in line with inflation, the government quelled fears by announcing a freeze on alcohol duty in the Autumn Statement last week.
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Delivery and takeaway sales at Britain’s leading managed restaurant groups rose 5% year-on-year in October 2023, according to CGA by NIQ’s Hospitality at Home Tracker.
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Britain’s leading hospitality groups saw year-on-year growth slow to 3.2% in October amid widespread poor weather, the new CGA RSM Hospitality Business Tracker reveals.
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The latest Lumina research has revealed that consumers are opting for affordable drink-only occasions, with pubs and bars seeing the most notable share growth year-on-year, up 1.3% in Q3.
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Bolstered by unfancied England’s route to the semi-finals, the Rugby World Cup generated double-digit growth in drinks sales for the on-trade.
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The Hospitality Market Monitor from CGA by NIQ and AlixPartners has recorded a fall in licensed premises of 0.3% – the equivalent of three net closures a day, in the third quarter.
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The latest research from Zonal and CGA by NIQ, reveals the number of consumers not showing up for reservations in pubs, bars and restaurants has doubled since September last year.
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Covid and changing consumer habits have led to a sharp drop in Britain's nightclubs, according to new research from CGA by NIQ.
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According to the latest UKHospitality Quarterly Sales Tracker, turnover was up 6.7% in the last year to £137billion but, compared to 2019, remains almost 20% behind in real terms, when accounting for inflation.
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According to research from UHY Hacker Young, the UK’s Top 100 restaurant groups have recorded a twelvefold increase in their profits in the last six months, rising from £19.9m in September 2022 to £241.8m in March 2023.
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