All Analysis & Insight articles – Page 19
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Analysis & InsightDigital loyalty increasingly important for food to go brands
At MCA’s Food to Go conference yesterday, Lumina Intelligence highlighted several factors impacting market growth, which is forecast to accelerate +2.8% between 2024 and 2027
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Analysis & InsightRestaurants see double-digit drop in spend in February
Barclaycard reports that spending on takeaways and fast food increased 5% year-on-year, while spend on restaurants contracted 13.4%
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Analysis & InsightNight time economy report paints picture of struggling sub-sector
Productivity and profitability remain constrained despite some recovery in consumer spend, according to the Night Time Industries Association
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Analysis & InsightFoodservice price inflation inches down
The CGA Prestige index showed foodservice inflation was 12.6% in January, the seventh consecutive month-on-month fall, with expectations of further falls ahead - though the sector still remains in a period of ”unprecedented price increases”
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Analysis & InsightUK restaurant wage growth outpaces other countries
The median base wage growth for a restaurant worker was higher than growth observed across the US, Canada and Japan, but below the UK rate of inflation
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Analysis & InsightZero Carbon Forum responds to Sustainable Restaurants report
The non-profit organisation said the Which? Sustainable Restaurant report does not reflect the sector’s progress on sustainability
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Analysis & InsightOver 500 restaurants closed in Q4 2023
UK restaurant closures hit their highest ever quarterly figure at the end of 2023, with c514 restaurant businesses permanently closing in the final quarter, according to Price Bailey
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Analysis & InsightStrong Valentine’s Day keeps drinks sales level with 2023
Drinks sales at Britain’s pubs and bars stayed level year-on-year last week to continue a solid start to February trading, the CGA by NIQ’s Daily Drinks Tracker shows
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Analysis & InsightBarclays forecasts greater shift towards contactless spend
Contactless spending at restaurants fell -2.9% in 2023, compared to -6.7% for overall restaurant spending
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Analysis & InsightThe old empires of cocoa, coffee and tea are fragile
Climate change and attacks on ships in the Red Sea are disrupting supplies of drinks from the global south
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Analysis & InsightThe rise of no-alcohol Britain
With more Britons cutting back on booze in what appears to be a generational shift, and students changing their social behaviour, Sky News looks at what this means for our pubs and clubs - and how businesses are adapting
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Analysis & InsightReduced train strikes drive dinner occasions
Improved consumer confidence bolstered eating and drinking out market penetration year-on-year in Q4 2023, according to Lumina Intelligence
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Analysis & InsightQSR increases food-to-go market share
Coffee and sandwich shops have seen the steepest decline in food-to-go share of occasions, whilst quick-service restaurants have been boosted by consumers opting for drive-thru.
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Analysis & InsightBeer category growth powered by pubs
Beer sales in food-led and community pubs rose 4% and 2% respectively, while restaurants, bars and nightclubs all saw beer revenues fall in 2023, according to CGA
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Analysis & InsightDelivery and takeaway sales up 4%
Growth in January was powered by deliveries and increased prices, rather than takeaways and order volumes, according to CGA by NIQ
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Analysis & InsightPizza Pilgrims: ‘It’s about delivering our vision with tech as the driver’
Finance director Sophie Gilchriest discussed the pizzeria group’s in-house business intelligence system at MCA’s Hostech, telling delegates how it leans into AI and drives happier teams
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Analysis & InsightPost-Christmas frugality dampens eating out spend
Participation in the eating and drinking out market dropped 1.3ppts in January 2024, also due to stormy weather and a tough comparison year, according to Lumina Intelligence
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Analysis & InsightBusinesses running out of cash
A quarter of hospitality businesses have no cash reserves and a further 29% have less than three months’ worth, according to a new survey
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Analysis & InsightWhy Britain’s brewers are in crisis — and your pint is costing more
Covid lockdowns hit brewers and pub operators especially hard. Throw in the minimum wage rise and many businesses face closure unless something changes, The Sunday Times reports
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Analysis & InsightThe most popular Michelin ingredients
Culinary stars have paid tribute to the versatile apple, with its different varieties shining in both sweet and savoury dishes, The Sunday Times reports