Mounting debt for operators who’ve had no choice but to take on huge government-backed loans to stay afloat is creating an untenable pressure cooker situation for the trade, hospitality owners have said.
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Lockdown is giving the on-trade and suppliers a chance to claim share of the delivered drinks market from supermarkets, according to CGA’s latest consumer research.
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Ministers are reportedly drawing up plans to extend the rent moratorium for commercial properties until past the March end date, further curbing landlords’ ability to evict businesses over unpaid rent.
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Trust Water, a premium water brand, has been launched by hospitality experts Mark Bickerton and Richard Bailey.
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Business minister Paul Scully will meet with with petitioners calling for a minister for hospitality, Prime Minister Boris Johnson has confirmed.
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Chapel Down is to dispose of its Curious Drinks business to a NewCo, established by private equity firm Risk Capital Partners (RCP).
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The hospitality industry in Scotland is again calling for financial support as First Minister for Scotland Nicola Sturgeon revealed that there would be no easing of restrictions due to the impact of the Covid-19 lockdown.
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Consumers are badly missing hospitality experiences, with four in five, or 80%, hoping to revisit the on-trade within a few weeks of reopening, according to the latest edition of CGA’s 2021 Hospitality Consumer Forecast, which explores attitudes to the on-trade while Britain remains under lockdown.
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A surge of smaller, indie-focused delivery platforms and third-party apps are helping to bridge the gap between neighbourhood restaurants, bars and consumers, accelerating pre-lockdown trends, as Jo Gilbert discovers
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Turnover for the hospitality sector dropped to less than half of 2019 levels in 2020, slipping by almost £72bn, which translates to nearly £200m a day, according to the latest edition of the UK Hospitality (UKH) and CGA Quarterly Tracker.
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A treasury minister has said there are “no current plans” to further extend the reduction in VAT for hospitality businesses despite estimates that rising rates could directly and permanently impact the sector and lead to the loss of up to 310,000 jobs.
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Bums on Seats has launched a free e-book resource, Take Out to Help Out, giving advice for on-trade operators as to how best to develop and market an at home dining offer.
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Many of the UK’s best known wine and spirit SMEs have written a joint letter to Chancellor Rishi Sunak urging him to cut duty while extended the hospitality’s VAT cut to provide further relief for those struggling with the pandemic.
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UK Hospitality chief Kate Nicholls has renewed calls for additional government support a year on from her first strategy meetings with ministers at the beginning of the pandemic.
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The Covid-19 pandemic has triggered important changes in people’s attitudes to food and created a split between those seeking quality and value, but suppliers are well placed to help operators capitalise on post-lockdown sales opportunities, a new CGA survey has suggested.
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The new edition of Harpers, out today, will reach readers hot on the heels of a parliamentary debate on the need for the creation of a minister for hospitality role in UK government. Resulting from the success of the Seat at the Table petition launched by hotelier Robin Hutson, of The Pig group and (formerly) Hotel du Vin fame, the proposal gained “an overwhelmingly positive response from all corners”, as reported by Harpers.
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Up to 310,000 jobs across the hospitality and tourism sector are at risk without an extension of the reduced 5% VAT rate, a new survey has revealed.
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Revenues across the hospitality and foodservice industry have been forecasted to take a £30bn hit this year, with Covid restrictions likely to play out well into 2021.
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The debate on whether to create a minister for hospitality in the UK government showed cross-party support for the struggling sector, with an overwhelmingly positive response from all corners.
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Businesses need to stay close to their teams during Britain’s lockdown to make sure staff are engaged and motivated when venues reopen, according to CGA’s latest Business Confidence Survey.
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