The festive period is the most pivotal time of year for wine and spirits in the on-trade and a strong yuletide performance is an essential indicator of a venue’s financial health. The prospect of venue closures has been a concerning spectre for hospitality and a good Christmas showing can buoy operators for the year ahead.
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A new report by CGA by NIQ and the Night Time Industries Association (NTIA), the trade association representing the night time industry, shows that the total number of nightclubs, late-night bars and casinos fell by 2.8% to 2,264 venues as of December 2024.
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The UK’s ‘licensed’ venues saw virtually no change in total numbers last year, with 4078 closures and 4085 openings, according to the Hospitality Market Monitor, from CGA by NIQ and Alix Partners. The total number of venues, including pubs, bars, restaurant, nightclubs and hotels, sat at 99,120 operating in December 2024.
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New figures from CGA RSM Hospitality Business Tracker shows year-on-year growth of 3.2% for December 2024, reflecting a month of boosted sales for hospitality.
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A new report from CGA by NIQ, the first of 2025, contains some good news for the UK’s beleaguered hospitality industry, as bar sales surged by 20.5% over the pre-Christmas week.
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Britain’s leading hospitality groups recorded year-on-year sales growth of 2.7% in November 2024, marking the first ‘real-terms growth’ since June this year.
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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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