Growth Eludes Out Of Home Sector As Consumers Remain Cautious Of Spending
Consumer enthusiasm for eating and drinking out this year has been dampened by the challenges posed by the cost of living crisis, despite some indications…
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Eating Out
Restaurants Offer Welcome As Weather Dampens Pubs And Bars Sales In July
Britain’s managed restaurant, pub and bar groups continue to overcome widespread challenges to record the tenth successive month of year-on-year sales growth in July 2023,…
Read more...SME Leaders Bullish About Their Prospects As Majority Expect Revenues To Increase In Next 12 Months
Average volume of daily card transactions up 10% in growing businesses as consumer confidence improves, even amid cost-of-living crisis, according to Dojo LONDON, United Kingdom:…
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Pub Closures Rise Again in Q2 Surpassing Q1 Record
Pub closures reached their highest level on record in the second quarter of 2023, surpassing the previous record in the first three months of the…
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Restaurant Groups’ Delivery And Takeaway Sales Return To Year-On-Year Growth In June
Delivery and takeaway sales at Britain’s leading managed restaurant groups in June were 4% ahead of the same month in 2022, CGA by NIQ’s latest…
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Soaring Costs In Food, Drink, Staff And Energy Pile Pressure On Hospitality
Hospitality’s post-COVID-19 recovery is threatened by rising prices in multiple key areas, leaders have warned in the latest Business Confidence Survey from CGA by NIQ…
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Percentage Of UK Restaurant Companies Making A Profit Doubles
The percentage of UK restaurant companies which are now making a profit (based on an analysis of the UK’s Top 100 restaurant companies) has doubled…
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June’s Warm Weather Boosted Spending On Pubs, But Restaurants Struggle As Brits Cut Back On Dining Out
Consumer card spending grew 5.4 per cent year-on-year in June – less than the latest CPIH inflation rate of 7.9 per cent, yet noticeably higher…
Read more...Consumer Foodservice Spend Returns To Pre-COVID Levels Across Europe – But Visits Have Yet To Fully Recover
Circana, the advisor on consumer complexity has launched its latest results from its CREST service analysis, revealing continued recovery for the European foodservice sector as…
Read more...Fall In Real Incomes Signals Financial Stresses For Hospitality Operators, Says RSM UK
The Bank of England’s latest monthly Money and Credit data highlights the impact of the rising cost of borrowing and the effect this will have…
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Travel Industry Shows Resilience in Face of Cost-of-Living Crisis
New research from world-leading hospitality group, Accor, has found that Britons are still prioritising travel despite the cost-of-living crisis facing many families. On average, consumers…
Read more...Hospitality Rising Scoops Prestigious Award For Best Customer Engagement And Experience
Leaders behind the biggest hospitality recruitment initiative in the UK, Hospitality Rising, are celebrating after being named winners of the highly coveted Marketing Society Best…
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Total Food And Drink Market Moving Towards Recovery By 2025
Inflation continues to be main driver of growth in the short-term The total UK food and drink market is predicted to be worth £315.2bn by…
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Star Pubs & Bars Invests £6.8m In External Makeovers
HEINEKEN-owned Star Pubs & Bars is investing £6.8m in developing premium outdoor areas and revamping pub exteriors in 2023, benefitting 220 pubs. The investment leverages…
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Barclays Release Hospitality & Leisure Sector Report
A new report released by Barclays today has revealed the latest trends in customer and operator behaviour in the Hospitality & Leisure sector. Key highlights…
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