The latest insolvency figures show just how hard the hospitality industry has been affected by the cost-of-living crisis and soaring energy bills, with pubs, bars and restaurants some of the worst hit among UK businesses.
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Last week’s out-of-home drinks sales were 7% up on pre-pandemic levels, CGA’s latest Drinks Recovery Tracker reveals.
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On-trade drinks sales fell by a quarter in the run-up to Christmas as wary consumers avoided pubs, bars and restaurants ahead of socialising on the big day, as Andrew Catchpole reports.
Britain’s hospitality sector grew modestly in the last quarter of 2021, according to the latest CGA Market Recovery Monitor.
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New research undertaken by CGA Strategy has recorded a strong desire from consumers to visit on-trade venues, indicating that the sector has successfully allayed fears concerning the Omicron variant.
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Young adults are set to embrace pubs, bars and restaurants for Christmas celebrations, but older people may be more hesitant about eating and drinking out, new research from CGA has revealed.
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Over 200 hospitality CEOs have signed a letter urging the Chancellor Rishi Sunak to permanently keep VAT at 12.5%.
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Hospitality businesses can now open in Wales and Scotland for the first time since December, with Scotland’s ‘indoors but without alcohol’ policy putting it ahead of England’s outdoor-only phase of its current roadmap.
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Nearly of half (44%) of adults in England have visited pubs, bars and restaurants since they re-opened for outdoor service on the 12 April, beating last year’s rate of return to hospitality following the easing of restrictions after the first lockdown.
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