Managed groups eye expansion despite swathe of hospitality closures
Gaucho and M-owner Rare Restaurants will open 30 new sites following its double-digit revenue growth in 2023.
Read more...Gaucho and M-owner Rare Restaurants will open 30 new sites following its double-digit revenue growth in 2023.
Read more...As a summer of major fixtures looms, quality on-trade outlets are increasingly embracing lucrative shared viewing experiences, reports James Bayley.
Read more...New data released today (30 January) has revealed more than 6,000 hospitality venues closed in 2023, bringing the total number of closures since the pandemic to nearly 23,000.
Read more...Innovative tech, such as artificial intelligence (AI), is sometimes reserved only for large corporations with massive budgets. However, more and more SMEs are coming to the party, James Bayley finds.
Read more...Britain’s top hospitality groups generated year-on-year sales growth of 8.8% in December, the latest CGA RSM Hospitality Business Tracker reveals.
Read more...Drake and Morgan, operator of 17 premium bars and restaurants in London and Manchester, has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022 (4 weeks to 31 December 2023).
Read more...Britain’s leading hospitality groups achieved year-on-year (YOY) sales growth of 4% in November, the new CGA RSM Hospitality Business Tracker has revealed.
Read more...A new CGA report published today (29 November) has revealed that gigging in the hospitality sector could be the catalyst for a multi-billion pound boost to venues.
Read more...Following rumours of a second duty hike in line with inflation, the government quelled fears by announcing a freeze on alcohol duty in the Autumn Statement last week.
Read more...Delivery and takeaway sales at Britain’s leading managed restaurant groups rose 5% year-on-year in October 2023, according to CGA by NIQ’s Hospitality at Home Tracker.
Read more...Britain’s leading hospitality groups saw year-on-year growth slow to 3.2% in October amid widespread poor weather, the new CGA RSM Hospitality Business Tracker reveals.
Read more...The latest Lumina research has revealed that consumers are opting for affordable drink-only occasions, with pubs and bars seeing the most notable share growth year-on-year, up 1.3% in Q3.
Read more...Bolstered by unfancied England’s route to the semi-finals, the Rugby World Cup generated double-digit growth in drinks sales for the on-trade.
Read more...The Hospitality Market Monitor from CGA by NIQ and AlixPartners has recorded a fall in licensed premises of 0.3% – the equivalent of three net closures a day, in the third quarter.
Read more...The latest research from Zonal and CGA by NIQ, reveals the number of consumers not showing up for reservations in pubs, bars and restaurants has doubled since September last year.
Read more...Covid and changing consumer habits have led to a sharp drop in Britain's nightclubs, according to new research from CGA by NIQ.
Read more...According to the latest UKHospitality Quarterly Sales Tracker, turnover was up 6.7% in the last year to £137billion but, compared to 2019, remains almost 20% behind in real terms, when accounting for inflation.
Read more...According to research from UHY Hacker Young, the UK’s Top 100 restaurant groups have recorded a twelvefold increase in their profits in the last six months, rising from £19.9m in September 2022 to £241.8m in March 2023.
Read more...Inflation in hospitality rose again in June to 22.6% YOY, just shy of the record high of 22.9% in December 2022, as measured by CGA.
Read more...62% of hospitality businesses believe the sector receives less support and attention than other industries, new research from Peckwater Brands (PWB) has found.
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