Deliveries worth 15p per pound of restaurant spend
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.
Read more...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.
Read more...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.
Read more...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.
Read more...Newly released figures from the Insolvency Service show that a higher rate of UK insolvencies over the 12 months have been driven by pressures in consumer facing industries such as leisure, hospitality and retail. However, research suggests the worst might now be in the rear-view mirror, with an easing now expected to follow as the industry works through some of its core challenges.
Read more...New research has unveiled the importance of providing consistently good experiences in hospitality, with nearly half of consumers saying just one or two bad experiences at a hospitality venue would cause them to feel less loyal to a brand.
Read more...The number of licenced premises in Britain has fallen below 100,000, marking a 31% decline in the two decades since 2003.
Read more...The Scottish Licensed Trade Association (SLTA) is pleading for more support to help protect the hospitality sector, as venues report the crippling impact of staff vacancies and ‘a continued wave of cost increases’.
Read more...Confidence is rising slightly among hospitality owners, new data suggest, despite inflation slowing at a ‘glacial’ pace and economic pressures in the offing, which could potentially leave the sector with a ‘billion-pound bill’.
Read more...Midway through 2023, Harpers is taking stock of yet another turbulent year for the drinks trade, with plenty of highs and lows, so far. We continue our series with Bella Babbit, wine director, NoMad London, to find out how the year as gone so far, and what the remainder may bring.
Read more...The rate of overall UK inflation experienced a sharp fall to 6.8% in July – the same month which marked the fourth consecutive reduction in vacancies for hospitality. However, the sector is still facing numerous challenges.
Read more...Economic depression tends to lead consumers to splash out on little luxuries. This is the idea behind the ‘lipstick effect’, coined by Estée Lauder’s Leonard Lauder to describe the rocketing rise of lipsticks in 2008, post the 9/11 attacks in New York and while global markets teetered on the brink of financial meltdown. By extension – and with the cost of living and wage stagnation pushing prices higher – alcohol still seems to fall within a comparatively ‘affordable luxury’ bracket.
Read more...Since its launch just over a year ago, the Cardiff Wine Passport has generated more than £32,000 in revenue for independent restaurants and bars in Cardiff.
Read more...It doesn’t seem to matter what flavour of government you have at the moment – when it comes to the spirits and hospitality industries, there’s a stench of incompetence. In Scotland we have the incredibly public failure of the DRS scheme, which, as a result, has wasted millions of pounds of taxpayers’ money. But don’t be fooled – it really is no better, south of the border. Westminster will raise you a cock up, in the form of the increased duty rates.
Read more...Pub closures reached back-to-back quarterly records in Q2 2023, smashing the previous unwanted benchmark set in Q1.
Read more...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.
Read more...Results from the annual survey conducted by The Drinks Trust revealed that almost all (96%) of the drinks industry want to undertake professional development initiatives to help them in their career in the next 12 months.
Read more...62% of hospitality businesses believe the sector receives less support and attention than other industries, new research from Peckwater Brands (PWB) has found.
Read more...A scorching June helped Britain's managed restaurant, pub and bar groups achieve a ninth successive month of year-on-year sales growth, according to the latest Coffer CGA Business Tracker.
Read more...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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