Turnover up, but profits down, suggests CGA on-trade report
Footfall across the hospitality sector is up on 2019 levels in Britain’s key cities, although high inflation and rail strikes remain major concerns.
Read more...Footfall across the hospitality sector is up on 2019 levels in Britain’s key cities, although high inflation and rail strikes remain major concerns.
Read more...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.
Read more...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.
Research by CGA by NielsenIQ and non-alcoholic spirits brand CROSSIP suggests that 67% of bar professionals have increased their range of no/low alcohol drinks over the past year, and 82% will do so over the next 12 months, demonstrating the growing importance of the category to consumer choice.
Read more...The staffing crisis is very much still underway heading into Christmas, data from CGA has revealed, with one in nine jobs in hospitality still vacant despite improvements in recruitment.
Read more...October sales at Britain’s top managed restaurant, pub and bar groups were 1.5% ahead of the levels of October 2021, CGA has revealed.
Read more...Pubs, bars, and restaurants are recording positive sales in Britain’s major cities — but high inflation is making real-terms growth very difficult.
Read more...The restaurant sector is showing some strong recovery after running the gauntlet for the past couple of years. However, alcohol’s future looks more tenuous, with the role of drinks – and the share of more expensive, premium products – becoming increasingly squeezed by ever-ratcheting living costs.
Read more...Chefs used to steal all the limelight in restaurants, leaving front-of-house in the shadows, except for a few exalted characters who managed to gain notoriety across the trade. The rise of the superstar sommelier, however, shifted more focus to the service side, with films and documentaries adding to the allure of the wine gurus fronting the drinks offer that complements the food.
Read more...Diageo, maker of Guinness, Smirnoff and Johnnie Walker, has announced a new three-year partnership with Springboard and The Prince’s Trust to help tackle the staffing crisis in the hospitality industry.
Read more...More than a third of the UK’s hospitality sector faces closure in 2023 due to the ‘cost of business crisis’.
Read more...As British consumers maintain some of the delivery and takeaway habits they picked up during Covid-19 lockdowns, the latest CGA by NielsenIQ Hospitality at Home Tracker highlights a growing trend – with drinks’ share of these sales increasing by 15% versus the start of 2022.
Read more...Unemployment levels are at a record low, while the total number of job vacancies in May-June 2022 was 1.3 million, according to the latest figures released by the Office for National Statistics (ONS).
Read more...Hospitality has lost 2,200 licenced venues in three months as crippling costs and staffing issues continue to hit business operators.
Read more...It seems no matter where the cost increase comes from – whether it be energy bills, business rates or fuel increases – the consumer will always pay the ultimate price.
Read more...The number of pubs closing across the country, having called last orders for the final time, has rocketed by 50% in the last three months.
Read more...The World’s 50 Best Bars 2022 have been announced, and Paradiso, Barcelona, ranks No.1. It marks the first time this accolade has been won by a bar outside New York or London.
Read more...According to data from OpenTable, the global restaurant booking system, dining numbers in London are falling short of pre-pandemic levels.
Read more...On Sunday, October 2, prime minister Liz Truss announced that red tape would be cut for thousands of growing businesses.
Read more...On-trade drinking occasions are holding up despite the cost-of-living crisis, according to drinks insights agency, Proof Insight.
Read more...