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Restaurant owners forced to borrow 12% more than last year

Published:  05 December, 2022

The amount restaurant owners are borrowing to keep their own businesses afloat has increased 12% in the past year, from £377 million in 2020/21, to over £424 million in 2021/22, says Mazars, the audit, tax and advisory firm.

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Consumer spending in pubs, restaurants and takeaways down since start of pandemic

Published:  02 December, 2022

The average amount consumers spend each month in restaurants, takeaways and pubs has fallen since the start of the pandemic, with restaurants the hardest hit, new research has found. 
 
An independent survey of 2,000 UK adults, conducted by Peckwater Brands, claims rising inflation and energy costs have reduced consumer spending, leaving hospitality businesses at risk. 
 
Restaurants have seen the highest drop-off in consumer spending since the start of 2020, down 16% from £58.90 per person per month to £49.30. Spending in pubs fell 14.6% from £47.90 to £40.90, while spending on takeaways saw the lowest reduction, falling just 10% from £47.70 to £42.30.
 
While the cost-of-living crisis continues to loom large, the majority (63%) of UK adults surveyed said they still consider takeaways a treat they look forward to, with 34% intending to continually get them regularly (at least once per month) with 33% budgeting for this expense. 

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DO Rueda inviting UK trade to join #TasteRueda campaign

Published:  07 November, 2022

Aimed at indies and restaurants, DO Rueda’s new marketing campaign is inviting sign-ups to join in the promotion of Rueda wines across the UK.

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On-trade closures tally one an hour as economic crisis bites

Published:  20 October, 2022

Hospitality has lost 2,200 licenced venues in three months as crippling costs and staffing issues continue to hit business operators.

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Energy surcharges loom as restaurants face crippling costs

Published:  08 September, 2022

Businesses are facing a brutal decision this winter: charge customers to keep the lights on, or risk going bust under eye-watering energy bills.

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UKH urges government to issue on-trade rescue package

Published:  31 August, 2022

UKHospitality (UKH)chief executive Kate Nicholls has written an urgent letter to the UK government, outlining the potential disaster facing thousands of businesses in light of the energy crisis.

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Record 64% of the UK’s top 100 restaurant companies are now making a loss

Published:  08 August, 2022

The national accountancy group, UHY Hacker Young, has revealed that a record 64% of the UK’s top 100 restaurant companies are now making a loss.

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1,406 UK restaurants go under in just 12 months

Published:  25 July, 2022

UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406 in the past year as rising inflation and labour shortages drive restaurants out of business.

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Rising cost of living sees average drinking out spend decline -9%

Published:  13 April, 2022

According to the latest data from Lumina Intelligence, consumer spending in the on-trade has declined by -9%, in the 12 weeks ending 20/03/2022. 

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Government announces ‘Living with Covid plan’ but must do more to help hospitality

Published:  23 February, 2022

On Monday, Prime Minister Boris Johnson announced his ‘Living with Covid plan’, which will see England end all of its remaining legal coronavirus rules on Thursday, including contact tracing.

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End of Plan B restrictions brings ‘cautious optimism’ for hospitality boost

Published:  28 January, 2022

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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Tough Christmas prompts new calls for extended relief for hospitality

Published:  04 January, 2022

New figures from UKHospitality show that pubs, bars and restaurants lost £10,335 on average in the week leading up to Christmas, due to fears over the new Covid-19 variant.

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On-trade faces ongoing cancellation crisis as weekend takings plummet

Published:  21 December, 2021

New figures released by UKHospitality indicate that a normally buoyant – and vital – month is set to be a disaster for the hospitality sector.

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Dine-in occasions continue to increase as restaurants, pubs and bars grow share

Published:  10 November, 2021

Consumers are increasingly dining out with more going to restaurants, pubs and bars, the latest update to the Lumina Intelligence UK Eating Out Market Report 2021 has found.

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The fast supper: The new pace of casual dining

Published:  26 October, 2021

Jo Gilbert reports from last month’s Casual Dining Show, where the FutureFoodservice report, The Rebuilding of Hospitality, predicted the shift of the sector towards faster, ‘social re-fuelling’ occasions

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Over 200 hospitality bosses join call to keep VAT at 12.5%

Published:  25 October, 2021

Over 200 hospitality CEOs have signed a letter urging the Chancellor Rishi Sunak to permanently keep VAT at 12.5%.

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Dine-in occasions bounce back with a vengeance

Published:  29 September, 2021

Dine-in occasions are on the rise as consumers return in-person to restaurants – a shift in consumption patterns which has resulted in greater buy-in for drinks.

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Deliveries and takeaways to maintain significant share of restaurant and pub sales

Published:  23 August, 2021

Deliveries and takeaways are set to maintain a “significant share” of restaurant and pub groups’ operations despite restrictions on indoor service lifting following Freedom Day, the latest CGA & Slerp Hospitality at Home Tracker has predicted.

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Customers return to on-trade quicker than last summer

Published:  23 August, 2021

A total of 56% of consumers visited a hospitality venue in the first 10 days following July’s Freedom Day, according to a new UK Hospitality (UKH) survey, supported by data from CGA, released today.

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Restaurants and bars emerge as the big winners of Freedom Day

Published:  17 August, 2021

Britain’s managed pub, restaurant and bar groups lifted sales back close to pre-Covid-19 levels in July, new data has revealed, with restaurants and bars benefitting the most from the easing of restrictions.

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