All Analysis & Insight articles – Page 28
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Analysis & InsightWimbledon boosts restaurant sales in SW19
The local area saw an 18.7% rise in spend on restaurants between 3-16 July compared to the previous fortnight, according to new data from Barclays
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Analysis & InsightMenu prices rise while business confidence drops
Cost pressures have resulted in menu prices rising by an average of 13% in the past 12 months, with just half of operators optimistic about business prospects, according to CGA and Fourth
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Analysis & InsightPost-work drinks lose popularity
A quarter of workers have said drinks after work were non-inclusive, with 62% saying they would prefer a foodie evening, according to research by event planners Togather
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Analysis & InsightHS2 threatens one of UK’s best Indian food streets
Drummond Street, a south Asian hub, is under threat from HS2 works at London’s Euston station, but moves are afoot to revive the area, The Guardian reports
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Analysis & Insight‘It feels sinless’: Why Britain’s ice-cream business is booming
The Guardian explores why it’s no surprise that ice-cream parlours are coming in from the cold
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Analysis & InsightConsumers increasingly embracing tech in hospitality, report finds
Research from Zonal and CGA finds 71% of people now prefer to use tech, either exclusively or in tandem with human interaction
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Analysis & InsightEating out market remains stagnant
Eating out frequency and penetration remains stagnant year-on-year, with restaurants, pubs, and bars falling back while food-to-go rises due to consumers returning to offices
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Analysis & InsightM&A: ‘The best businesses always sell’
Dealmaking activity in the pub sector is expected to pick up in the latter part of 2023, as inflation belatedly begins to come under control, Peter Hansen, partner at Sapient Corporate Finance predicts
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Analysis & InsightPeel Hunt: Loungers’ strong sales will drive equity
Loungers, which is forecast to generate strong profit growth over the next two years, represents “excellent value”, according to analysts
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Analysis & InsightOakman: £10 pint can’t come soon enough
With inflation a recurring topic at MCA’s Pub Conference, Oakman CEO Peter Borg-Neal said the sector and the public needed to be realistic about the cost of doing business
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Analysis & InsightPub and bar customers seeking value over quality
The increase in value-led consumers was mainly driven by 45-54 year-olds, with younger consumers increasingly moving into lower spend channels such as QSR, Lumina Intelligence reveals
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Analysis & InsightWhere is the embattled UK consumer spending their money?
The Financial Times explores the impact of the cost of living crisis for casual dining and other sectors
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Analysis & InsightPub & bar sector to exceed pre-pandemic value in 2023
The market is forecast to reach a value of £23.3bn this year – 1% ahead of its pre-pandemic value, according to Lumina Intelligence
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Analysis & InsightCracking down on carbon claims
From greenwashing to greenhushing, could increased scrutiny of carbon claims halt progress on sustainability in the sector and how can businesses avoid falling foul of the rules? MCA explores the issue
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Analysis & InsightFoodservice price inflation increases again
Food price inflation increased to 21.6% in May, on a year-on-year basis – just below the record high of 22.9% in December 2022, according to the latest CGA Prestige Foodservice Price Index
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Analysis & Insight‘Me-ganism’ a key food trend for the future
Me-ganism is described as a hyper-personalised diet which is fully bespoke to consumers’ individual nutritional needs, powered by AI technology, acccording to a new report from Deliveroo
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Analysis & InsightHigher prices must be justified, says Lynx Purchasing
While higher food prices are here to stay, adding value to menus through quality ingredients can justify and encourage consumer spend
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Analysis & InsightIncreased prices drive spending increases
Total spend across the sector rose by 3%, despute the number of eating and drinking out trips falling by 3%, research from Cardlytics reveals
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Analysis & InsightCentral London on road to recovery
Central London, which lost 15.6% of its licensed premises between March 2020 and 2023, saw a net decline of only 1% in Q1 2023, according to CGA and AlixPartners
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Analysis & InsightCompetitive socialising continues to rise
The number of transactions at competitive socialising venues are up 9% in March 2023 vs October 2022, with sales up 5%, according to CACI