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UK chains enjoy profit increase

Published:  07 August, 2023

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.


On-trade overlooked by government says 62% of hospitality businesses

Published:  27 July, 2023

62% of hospitality businesses believe the sector receives less support and attention than other industries, new research from Peckwater Brands (PWB) has found.


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.