Confidence among Britain’s hospitality leaders has plunged as sector challenges deepen, with CGA by NIQ’s latest Business Confidence Survey revealing worsening sentiment amid squeezed margins and reduced consumer spending.
Read more...
Sales at managed venues edged up by a modest 0.1% in the week to Saturday 19 October, just surpassing the same week in 2023. However, figures soon declined, with sales finishing 5% lower in the following week to Saturday 26 October. Drinks sales have now fallen in four of the past five weeks.
Read more...
The trend to premium drinking is predicted to continue as consumers continue to drink less but better, according to the latest insights from analyst CGA by NIQ. Moreover, while ‘value-for-money’ remains key, this is about drinks ‘worth the price’, rather than ‘cheap’.
Read more...
