Only two in five hospitality businesses are now either trading or are expected to trade at a profit by the end of June, a new survey from CGA and Fourth has revealed.
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After five weeks of outdoor-only trading, CGA research has revealed a strong start to the week for managed groups as consumers make the most of being able to drink and eat indoors for the first time since December.
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Younger consumers plan to spend more than before as they return to pubs and restaurants, and spend a larger slice of that money on wine.
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Boris Johnson has scrapped plans to announce a final deadline for the end of social distancing this month as the number of cases of the Indian Covid-19 variant leaps by 1,000 in just four days.
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After only a third of licensed premises traded in GB's first phase of reopening, today (17 May) marks the opportunity for many more to finally reopen, with most of the two-thirds (67.1%) of operators that have not yet traded having the option to do so as the on-trade is allowed to reopen indoors.
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The government has dropped plans to force hospitality businesses to list calorie content on alcoholic drinks, applying to both draught and pre-packaged offerings.
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Wales is the latest member of the UK to announce that hospitality businesses can open indoors from 17 May, following in the footsteps of England and Scotland, but with up to six people from different households able to meet.
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The Scottish Licensed Trade Association (SLTA) has welcomed First Minister Nicola Sturgeon's confirmation that the Scottish on-trade will be able to serve alcohol indoors until 10.30pm from 17 May, but warned the road ahead is long.
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Jascots Wine Merchants has added Luna Austral to its growing portfolio, marking the Argentinian producer’s UK debut.
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UK Hospitality (UKH) has called on the government to provide further support for the sector by improving access to capital and to stick to the roadmap of lifting all restrictions from 21 June.
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The on-trade has recorded a significant like-for-like drop in drink sales in the week leading up to the May bank holiday as poor weather created tough conditions for bars, restaurants and pubs still only allowed to trade outdoors.
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Over 330,000 hospitality jobs are at risk if rent protections are removed this summer, with £2.5bn in rent debt hanging around the neck of the industry, UK Hospitality (UKH) has warned.
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Sacha Lord, the night time economy adviser for Greater Manchester, has expressed “disappointment” as the legal battle to allow pubs and restaurants to reopen early was dismissed in the High Court.
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UK Hospitality (UKH) has called on the government to take “decisive” action on rent debt to help safeguard sector recovery and protect up to a million hospitality jobs.
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A staggering £80.8bn of hospitality sales have been lost in the past 12 months, according to the latest edition of the UK Hospitality (UKH) Quarterly Tracker compiled with CGA.
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Treasury Wine Estates (TWE) has launches a premium sustainable wine brand exclusively for the on-trade.
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Jascots has announced it is to convert its ecommerce into a private wine buyer’s club called ‘Jascots at Home’ from the day that restaurants can reopen indoors on 17 May.
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One in four — just under 25,000 — of Britain's licensed premises have yet to reopen despite the return of inside service, according to the latest snapshot Market Recovery Monitor from CGA and AlixPartners.
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Hakkasan Group has been acquired by US-based Tao Group Hospitality, for an undisclosed sum.
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Coravin has unveiled new wine preservation systems targeted at the on-trade.
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