All Analysis & Insight articles – Page 67
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Analysis & InsightMixed approach to interpretation of tiers
Most operators (47%) are interpreting the new tier restrictions very strictly and to the letter of the law, though a sizeable minority (28%) are taking a more relaxed approach and leaving it up to customer discretion, the Lumina Intelligence Hospitality Leaders Poll reveals.
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Analysis & InsightFalling footfall, household budgets and Brexit top industry concerns for 2021
Almost half of hospitality leaders expect trading conditions across the industry to deteriorate further next year, with lack of footfall and a squeeze on household budgets as some of the biggest concerns, Lumina Intelligence has found.
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Analysis & InsightTier reshuffle is ‘lockdown by stealth’
England will be left with just a fraction of its pubs being able to trade in conditions resembling normal, the country set to go back into “lockdown in all but name”.
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Analysis & InsightMajority ‘cannot operate under tier 2’
A majority of operators (56%) said they would not be able to operate under the revised tier 2 restrictions.
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Analysis & InsightPandemic to wipe £14bn from pub market
The pandemic will wipe £14bn from the pub sector in 2020, but the market is forecast to make a tentative recovery in 2021, Lumina Intelligence reports.
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Analysis & InsightBrandwatch: Shake Shack @ Deliveroo Editions
Deliveroo Editions was hailed by CEO Will Shu as the future of food delivery when the dark kitchen platform launched in 2017.
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Analysis & InsightBouncing back after lockdown 2.0
Looking outside now at these dreary November days, the summer already feels like a different time.
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Analysis & InsightPHE: Hospitality just 4.1% of coronavirus exposure ‘common locations’
Hospitality spaces made up just 4.1% of coronavirus exposure ‘common locations’ for the first few weeks of November, with transmission rates far below the likes of supermarkets, schools and care homes, according to Public Health England.
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Analysis & Insight72% of hospitality businesses face closure in 2021
Almost three quarters (72%) of all hospitality businesses expect to become unviable and close in 2021 without additional support, sector trade bodies have warned.
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Analysis & InsightDanny Meyer: ‘We cannot do what we’ve done our entire lives’
American restaurateur Danny Meyer has spoken of “sparks of life” in New York, as shanty town shacks pop up to serve customers from the kerbside.
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Analysis & InsightCGA: ‘We will pull through this crisis’
The sector is living through its toughest period in eight years, but consumer data proves it will pull through, CGA chief executive Phil Tate has said. Speaking at this year’s virtual Peach event, Tate highlighted the devastating impact the pandemic continues to have on hospitality but said there was reason to be positive as consumer behaviour is not set to change long-term.
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Analysis & InsightMajority maintain delivery for second lockdown
A majority of branded operators (64%) have remained open for takeaway and delivery for the second lockdown, research from Lumina Intelligence reveals.
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Analysis & InsightKate Nicholls: VAT cut extension more likely than new EOHO
The Treasury is more likely to extend the VAT cut in April than introduce a new Eat Out to Help Out scheme, Kate Nicholls has suggested.
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Analysis & InsightWahaca’s journey to Nando’s stablemate
The acquisition of Wahaca by the owners of Nando’s gives a much-needed injection of equity to a brand that has experienced more than its fair share of turmoil over its 13 years.
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Analysis & InsightThree in four keen to return to hospitality post-lockdown
Consumers are keen to return to pubs and restaurants after the month-long lockdown, with the majority feeling confident in the safety measures in place, CGA has found.
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Analysis & InsightPubs and restaurants see pre-lockdown sales boost
Pubs, bars and restaurants saw a boost in sales at the beginning of this month as consumers made the most of their final days before lockdown, according to CGA.
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Analysis & InsightTiering system prompts sector-wide sales dip
The implementation of the tiering system caused all parts of the sector to suffer last month, with sales dropping across pub, bar and restaurant groups, according to CGA. The latest Coffer Peach Business Tracker for October found that with 83% of group-owned sites open, down from 88% in September, total sales across the managed sector were down 33.9% year-on-year, a further fall from September’s sales which were 20.3% down on 2019. Like-for-like sales in trading businesses were 28.9% below October last year, compared to 14.7% down in September.
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Analysis & InsightVaccine news boosts sector optimism
Confidence levels in the sector shot up following news of the vaccine, Lumina Intelligence’s Hospitality Leaders Poll reveals.
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Analysis & InsightDavid Read: The state of supply
It’s hard not to take the pandemic personally. We all have our own view on the world, but when circumstances conspire time and time again to blow us off course, even from a plan with just a few weeks as its time horizon, it is easy to get downhearted. It’s also easy to forget that the producer, wholesaler and distributor businesses that service our sector have arguably had it even worse. Take this current lockdown for example – many suppliers have spent the first two weeks resolving issues with surplus stock, disrupted delivery scheduling, and coping with massively lower drop sizes; and will shortly need to plan re-opening on December 3rd, with absolutely no visibility on whether the sector will re-open at all, and if it does where, how and when.
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Analysis & InsightRedundancies at record high before second lockdown
Redundancies reached a record high last month and the number of job vacancies plummeted as companies across the country prepared for the end of the furlough scheme.