The UK’s ailing hospitality sector is showing modest signs of recovery, with the number of licensed premises increasing for a second successive quarter and 661 net new openings in the third quarter of 2024.
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Alcohol consumption is declining globally, with the UK seeing a notable reduction of 23 percentage points, as more consumers opt for soft drinks, according to data from CGA by NIQ’s OPUS report.
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Britain’s hospitality sector has recorded its first quarterly growth in outlets in two years, according to the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners.
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Bookings for Christmas 2024 have risen by 54% compared to the same period in 2023, according to hospitality technology partner Zonal. Over half of these bookings (52%) are for Christmas Day, up from 44% last year. Saturday 14 December is currently the most popular day for festive bookings, followed by Saturday 7 December.
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James Lawrence looks at the trends shaping and driving premium sales
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Clinton Cawood examines the sectors of the market faring best and those suffering the most.
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Britain’s leading managed restaurant groups experienced their highest year-on-year growth in delivery sales for 2024 last month, according to CGA by NIQ’s latest Hospitality at Home Tracker.
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The UK hospitality sector continues to experience a turbulent period, as highlighted by a series of reports and statistics. Despite significant challenges, the industry demonstrated resilience with a notable year-on-year sales growth in May 2024.
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Recent findings from CGA by NIQ's latest BrandTrack survey indicate a significant interest in the upcoming Euro 2024 football tournament among British consumers, with nearly half (46%) planning to tune in. Among these viewers, two in five (40%) intend to watch matches in pubs and bars.
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UK inflation dropped to 2.3% in April, its lowest level in nearly three years. However, the reduction was less significant than anticipated, dampening hopes for an imminent interest rate cut.
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The latest data from CGA shows that closures in Britain’s hospitality sector slowed from eight sites a day in 2023 to four a day in the first quarter of 2024.
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In March 2024, Britain’s leading hospitality groups achieved above-inflation like-for-like sales growth of 5.2%, according to the latest CGA RSM Hospitality Business Tracker.
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The premium mixers market is showing resilience in the face of the cost of living crisis, finds Nigel Huddleston.
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As the UK’s hospitality sector grapples with a wave of closures, Humble Grape’s Fleet Street bar played host to its spring portfolio tasting, offering a glimpse into the brand’s ambitious plans for growth and expansion.
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New research has laid bare the state of night-time on-trade businesses operating post-pandemic. James Bayley looks at the new trends shaping the sector.
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Few industries have suffered more than night-time hospitality during and since the pandemic. Last month, Rekom UK, which owns the Pryzm and Atik nightclub brands shut down 17 of its venues.
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Britain’s top hospitality groups achieved modest like-for-like sales growth of 1.4% in February, the latest CGA RSM Hospitality Business Tracker has revealed.
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Wholesaler and importer Liberty Wines has released its premium on-trade report covering the two years following the final Covid-19 lockdown in spring 2021.
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Britain’s leading hospitality groups generated like-for-like sales growth of just 0.1% in January according to CGA.
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According to Lumina Intelligence, the UK restaurant market reached a value of £18.6bn in 2023, spearheaded by premium branded establishments and menu price inflation.
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