All Analysis & Insight articles – Page 41
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Analysis & Insight'It was more than a pub'
Squeezed by the pandemic, staff shortages, redevelopment and a cost of living crisis, pubs across the country are shutting in droves. The Guardian speaks to five landlords who have recently had to call time for good,
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Analysis & InsightTaxes must rise to plug £40bn black hole in budget
There’s limited scope for further spending cuts so the PM and chancellor must surely look to higher taxation to repair damage done by the mini-budget, the Observer reports
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Analysis & InsightAverage lunch spend drops 20% year-on-year
Average spend at lunch and dinner dropped by 20% and 12% respectively, while visit frequency is down 3%, according to Lumina Intelligence’s new Restaurant Market Report
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Analysis & InsightRestaurant market set to return to 94% of 2019 value
The UK restaurant market is set to value £18.1bn in 2022, although the economic crisis has severely impacted recovery, Lumina Intelligence reveals in its new report
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Analysis & InsightDrinks grow share of delivery occasions
With share up 15% so far this year, drinks represent a growing opportunity for operators, according to the latest CGA by NielsenIQ Hospitality at Home Tracker.
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Analysis & InsightMenu hacking: Three ways operators are taking action
In these challenging times, operators have been taking action and making clever changes on their menus, Blonnie Whist, insight director, Lumina Intelligence writes
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Analysis & InsightCoffee and sandwich shops among strongest performing channels
Growth was achieved through a mix of physical expansion, new site diversification, including drive-thru and smaller format stores, and the exploration of omnichannel routes, Lumina Intelligence’s category spotlight reveals
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Analysis & InsightConsumers to cut down on nights out amid cost of living crisis
Over a third of respondents will be significantly reducing the amount they go out in the coming months, according to the latest Rekom UK Night Index
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Analysis & InsightConsumer confidence reaches record low
UK consumer confidence fell for a fifth consecutive quarter, reaching a record low of -20%, according to the Deloitte Consumer Confidence Tracker
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Analysis & InsightHospitality among sectors with highest number of critically distressed businesses
There has been a 48% rise in the number of bars and restaurants in critical financial distress between Q3 2021 and Q3 2022
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Analysis & InsightHospitality sees sharp fall in output in September
Pubs, hotels, and restaurants experienced the sharpest falls in output of any UK sector in September, according to the Lloyds Bank UK Sector Tracker
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Analysis & InsightHospitality loses 2,200 sites in three months
Britain’s licensed sector has lost over 2,200 sites between June and September as rising costs take their toll, according to the Hospitality Market Monitor
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Analysis & InsightLunch on the go purchases get the chop
Almost a third of consumers are now choosing to take a packed/home-made lunch into the office rather than purchase food on-the-go, according to data from Barclaycard.
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Analysis & InsightBar groups see 16% drop in like-for-likes
Like-for-like sales across Britain’s managed pub, bar and restaurant groups were down 3% on September 2021, but still up on pre-pandemic levels, according to the Coffer CGA Business Tracker
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Analysis & InsightBirmingham leads UK city recovery
The hospitality sector is boosting economic revival, but is being constrained by rising costs, rail strikes and other factors
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Analysis & InsightLate night businesses facing ‘untenable’ energy costs
Many businesses are facing an increase in energy costs of +300% despite the government’s support package, the NTIA has said.
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Analysis & InsightPub stocks come with a bad hangover. I’ll keep ordering Heineken, though
The Sunday Times’ Ian Currie shares why Diageo remains one of his top stock picks
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Analysis & InsightThe Extreme Economic Pain of Running a Restaurant in the UK
The New Yorker visits Manchester to find an increasingly tough operating environment
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Analysis & InsightCocktail drinking is on the up
The percentage of consumers in Great Britain who typically drink cocktails in a licensed venue is up 11ppts to 31%, according to data from CGA by NielsenIQ.
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Analysis & InsightConsumers maintain delivery and takeaway spend
More than half (57%) of UK consumers are now purchasing up to three takeaways per week, compared to 49% last August, according to a survey commissioned by Deliverect