All Analysis & Insight articles – Page 66
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Analysis & InsightOver half UK pubs still waiting on November lockdown grants
Less than half of pubs eligible for one-off November lockdown grants had received payment by the beginning of January, according to findings from the Forum of British Pubs.
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Analysis & InsightOmnichannel trading and format diversity tipped as top sector trends this year
Omnichannel trading and format diversity will be among key trends that could underpin investment and development for the food-to-go sector this year.
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Analysis & InsightManaged pub and restaurant sales plummet 75% at Christmas
Sales across Britain’s managed pub and restaurant groups nosedived by almost three quarters at Christmas, the latest data from the Coffer Peach Business Tracker has revealed.
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Analysis & InsightSector job losses hit 660,000
The pandemic has sounded the death knell for 660,000 hospitality jobs as lockdowns and restrictions let loose on UK businesses, according to the latest research from Fourth.
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Analysis & InsightHospitality Leaders Poll: Operators expecting three-month closure
Two thirds (66%) of hospitality operators do not expect to open venues for dine-in before April, though business confidence is on the up, the Lumina Intelligence Hospitality Leaders Poll reveals.
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Analysis & InsightServices sector the “main drag” on GDP in November
Accommodation and foodservice saw the largest fall in output between October and November, accounting for the primary drag on GDP growth, according to new data from the Office for National Statistics.
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Analysis & InsightHospitality hard hit by December consumer spend dip
Consumer spending saw its largest decline since June 2020 in December with hospitality one of the hardest hit sectors, according to the latest Barclaycard report.
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Analysis & InsightDelivery returns to top of the menu
Delivery accounted for one in four eating out occasions during the second lockdown in November, Lumina Intelligence’s Eating Out Panel reveals.
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Analysis & InsightChristmas drinks sales quartered year-on-year
Drinks sales in pubs, bars and restaurants still able to trade in the run-up to Christmas collapsed to just a quarter of pre-pandemic levels, according to CGA’s Drinks Recovery Tracker.
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Analysis & InsightPeel Hunt on 2021: A year of two halves
Q1 is traditionally the quietest quarter in licensed retail; it is when tenants are most likely to hand back the keys. Sadly, without any additional government support and with the rent moratorium ending in March (with 15 months of rent due in some cases), many private companies could run out of liquidity. Many sources have suggested a 20-30% supply reduction. We are more optimistic than this due to corporate activity. The speed and direction of capital reallocation will be critical to this, in our view.
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Analysis & InsightSector job losses hit 30,000 in 2020
Almost 30,000 hospitality workers lost their jobs last year as a result of the coronavirus pandemic, new data from the Centre for Retail Research has found.
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Analysis & InsightTop of Mind: What does 2021 hold?
The year is almost over and most of us couldn’t be keener to put this one behind us. Lumina Intelligence Top of Mind Business Leaders Survey confirmed the inevitable, that universally leaders in the hospitality industry consider 2020 to have been the worst year on record. Even during the financial crisis of 2008, only two-thirds of leaders considered trading conditions to be challenging, compared to 97% in November 2020.
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Analysis & InsightDigital ordering takes over EPOS as virus prompts reliance on tech
The presence and use of digital ordering channels in hospitality businesses has been accelerated by the coronavirus pandemic, and proved vital in driving up consumer spend, according to Vita Mojo.
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Analysis & InsightHospitality accounts for a third of job losses since February
Hospitality has accounted for a third of UK job losses since the start of the pandemic, which are now at 819,000, according to the Office for National Statistics.
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Analysis & InsightViability of Scottish hospitality could be “dramatically enhanced” by minor changes to restrictions, study finds
The economic viability of Scotland’s 1,800 hospitality businesses could be dramatically enhanced by relatively minor changes to the country’s restrictions, according to a study by BiGGAR Economics.
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Analysis & InsightBrandwatch: Burger King @ Just Eat
Unlike the rest of us, Just Eat has had a pretty good year. From that fateful day in March, as the nation was informed that they “must stay home” in a then unprecedented (three-week) lockdown, eating in became the new eating out. Just Eat saw a 33% jump in orders as a result of the first lockdown – with breakfast and lunch orders rising by 50% and 80% respectively – and the upward trend has since continued. However, whilst the crisis may have escalated the company’s rapid growth, it was by no means the catalyst.
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Analysis & InsightBeer Sales down 90% at Christmas
Beer sales in pubs are expected to be as much as 90% lower than normal this December, a decrease of 270 million pints, the British Beer & Pub Association reports.
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Analysis & InsightWet-led sector sees 90% sales slump in lockdown
Pub and bar groups saw a staggering 90% drop in sales last month as lockdown in England and ongoing restrictions in Scotland and Wales took their toll, the Coffer Peach Business Tracker has revealed. According to the tracker, bar groups were the worst affected with sales down 90.2% on November last year, closely followed by drink-led managed pubs (down 88.8%). Food-led operations faired slightly better, with some still able to rely on delivery revenue, though total sales in group-owned restaurants still fell by 65.9% year-on-year, and food-led pubs were down 85%.
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Analysis & InsightPubs sales down 84%
Pubs sales across the UK were down 84% last weekend year on year, a British Beer and Pub Association (BBPA) survey reveals.
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Analysis & InsightHospitality jobs job losses hit 650,000
Jobs in the hospitality sector have dropped by 26% year-on-year, with November seeing another huge wave of job losses, according to Fourth.