In a new report published by CGA, inflation in energy bills and other costs led to a net decline of 1,611 licensed premises in the fourth quarter of 2022.
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Britain’s leading managed pub, bar and restaurant groups enjoyed their best December trading in three years, the latest data from CGA has revealed. However, thanks to double digit inflation, sales remain well below pre-Covid levels in real terms, demonstrating the double pronged impact of the cost-of-living crisis and Covid recovery on UK businesses.
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The UK hospitality trade rode a wave of World Cup fever in November, when sales were above a still somewhat Covid-dampened environment at the end of 2021. However, with inflation biting hard and more disruption on the way over Christmas 2023, operators could be set for a challenging end-of-year run.
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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.
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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.
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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.
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Pubs, bars, and restaurants are recording positive sales in Britain’s major cities — but high inflation is making real-terms growth very difficult.
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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.
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Hospitality has lost 2,200 licenced venues in three months as crippling costs and staffing issues continue to hit business operators.
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Inflation is 2022’s pandemic. As we emerge from a health-focused crisis, it’s increasingly becoming clear that the health of the public purse and the damaging cost of living is now society’s most pressing issue. No sector is unaffected. From household items to commercial costs – largely driven by spiralling fuel and shipping increases – all are feeling the additional weight of rising costs, which even the biggest players aren’t able to absorb.
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As inflation takes hold of consumers and businesses alike, the hospitality industry remains in a deadlock, with businesses planning for more challenging times ahead.
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Unemployment levels are at a record low, while the total number of job vacancies in May-June 2022 was 1.3million, this is according to figures released today by the Office for National Statistics (ONS).
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According to market research by Shepper, the UK’s on-trade and hospitality outlets prefer to serve leading gin and tonic brands as their house products instead of supporting local and small-batch counterparts.
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Tequila is stealing a march on other spirits categories, with an impressive 94% growth spurt in two years underpinning the rise of the Mexican spirit in the UK.
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June’s like-for-like sales at Britain’s top managed restaurant, pub and bar groups were 5% ahead of the pre-Covid-19 levels of June 2019, the latest Coffer CGA Business Tracker reveals.
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A new report, Future Shock – Leaving Covid Behind, shows sales are back to pre-pandemic levels, but 15% of roles remain vacant, costs are spiralling, and the cost of living challenges is impacting consumer spending.
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Out-of-home food and drink sales are in growth in all of Britain’s 10 biggest city centres, with higher spend-per-visit driving growth rather than footfall.
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Like-for-like sales at Britain’s leading managed restaurant, pub and bar groups in May were just 0.1% ahead of the pre-Covid-19 levels of 2019, the latest Coffer CGA Business Tracker reveals.
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Data from CGA has revealed a third month of double-digit inflation for foodservice prices in April, with further rises expected and inflation unlikely to fall below 7% until at least next year.
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Britain’s leading managed restaurant, pub and bar groups recorded like-for-like sales growth of 2% in April 2022, the latest Coffer CGA Business Tracker reveals.
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