All Analysis & Insight articles – Page 69
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Analysis & InsightPub and bar spend up 9% in September
Spending at pubs and bars saw a 9% year-on-year rise in September, the first increase since February, according to the latest data from Barclaycard.
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Analysis & InsightHospitality Leaders Poll: 63% of operators will fail inside six months without government support
Unless the government steps in with more financial support, 63% of operators don’t believe they will make it through the next six months of the 10pm curfew, according to the latest weekly Hospitality Leaders Poll. As it moves into its second week, the sense among operators that the curfew will threaten their survival has increased, not least because another 87% believe that customer confidence in returning to eating and drinking out has taken a hit after the curfew was introduced. “The 10pm curfew is a knee jerk reaction that was ill-informed, not validated by evidence or empirical data and is actually making the R number worse in the capital by tipping thousands of customers into the streets and public transport system en masse,” said one operator. “It’s so silly and they should just admit they got it wrong and reverse it.”
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Analysis & InsightTop brands cut estates by 7.5%
Branded restaurants and pubs have announced cuts to their estates of 7.5% already this year, with fears that many more sites still closed since lockdown may never reopen.
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Analysis & InsightFood to go to see 41% bounce back in 2021
Food to go will see a significant bounce back from its 2020 decline next year, increasing its share of the overall eating out market, according to Lumina Intelligence.
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Analysis & InsightSales hit hard by new restrictions
Sales were hit hard in the last week of September as new restrictions were introduced, with like-for-like sales down 22.8% year on year.
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Analysis & InsightTurnover rents a ‘sensible transition solution’
Turnover rents are a short-term solution for the uncertainty of the coronavirus crisis, but landlords and tenants will want to return a more normalised fixed rate model once the market begins to get back to normal, CGA’s Follow the Monday has heard.
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Analysis & InsightNeighbourhood losses mounted after Manchester closure
East Coast concepts, the Neighbourhood and Victor’s operator recently acquired in a pre-pack administration, was already going through a challenging year even before the coronavirus pandemic struck, posting a loss of £1.7m in the 12 months to 29 February 2020.
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Analysis & InsightTurtle Bay in positive lfls growth
Turtle Bay is having one of its best two-month trading periods on record, chair Jane O’Riordan has said.
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Analysis & InsightThe Conversation - listen to Kate Nicholls, Peter Borg-Neal and Peter Martin
The Conversation, a podcast style virtual event, was launched at the start of lockdown, and has now been going for 27 weeks. After a tumultous week caused by the imposition of the 10pm curfew, James Halliwell, MCA’s editor, was joined by two leaders who have campaigned tirelessly to support our sector: UK Hospitality’s Kate Nicholls and Oakman Inns CEO Peter Borg-Neal, as well as MCA’s contributing editor, and original founder, Peter Martin. The event kicks off with Kate Nicholls updating us on her conversations with the government, followed by commentary from our two panellists. Click here to listen
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Analysis & InsightHospitality Leaders Poll: 35% of operators won’t survive 10pm curfew
A third of hospitality operators have had over a third of their bookings wiped out by the 10pm curfew, according to the latest Hospitality Leaders Poll carried out by Lumina Intelligence for MCA, the MA, Restaurant and Big Hospitality. Some 13% said over 40% of their bookings had been hit and 18% said between 30% and 40% had been cancelled. Another third (29%) said between 10% and 20% of their bookings had been scrapped. One multi-site pub operator said trade down 20% as a result of the curfew, which was “more than expected”.
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Analysis & InsightEating out set for 64% growth in 2021
The eating out market will experience a v-shaped recovery over the next three years as consumers are expected to flock back to hospitality post-pandemic, according to Lumina Intelligence.
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Analysis & InsightTwo in five to retreat from hospitality with new restrictions in place
Two in five consumers will go out less often as a result of the new restrictions placed on pubs, bars and restaurants, according to CGA.
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Analysis & InsightShelley Sandzer: Together is better
The Eat out to Help Out Scheme was a godsend to the beleaguered restaurant sector. The discount to consumers went further than just a cut price meal, it was both a call to arms and a signal that restaurants were open for business. While several operators reported the scheme led to sales levels being back up to 2019 on a like-for-like basis, on the days of the week the offer was not running, sales volumes invariably slid. With children now back at school, workers being encouraged back to their desks, and the furlough scheme winding down, there is the potential for quieter times ahead as we do not have either the time or the money for those lazy weekday afternoon meals.
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Analysis & InsightSunak’s winter plan ‘nowhere near enough’
The Chancellor’s Winter Economy Plan has been met with dismay from the industry, with proposals of a 33% wage subsidy and two-month VAT cut extension a far cry from the levels of support needed to see businesses survive.
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Analysis & InsightDavid Read: So, where is the data?
Yesterday morning I attended a regular Zoom update call alongside around eighty people, mostly from the hotel sector. As luck would have it the speaker was Kate Nicholls, CEO of UK Hospitality, someone who few would dispute has done more to keep the hospitality sector afloat in these troubled times than any other. She cut a frustrated figure as, an hour or so before Johnson rose to speak in the Commons on coronavirus, she updated us on the agenda that would shortly unfold. The list of measures was (to say the least) unwelcome, and there was a palpable level of shock in the meeting.
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Analysis & Insight’This is like executing the wounded’
New restrictions on operating hours were never going to be a popular measure in the hospitality industry.
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Analysis & InsightSnapshot: Itsu ‘store of the future’ in pictures
Itsu, the Asian-inspired, healthy fast-food brand, has unveiled its new ‘Store of the Future’ concept, which uses robot technology.
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Analysis & InsightPoll: 86% say rule of six will negatively impact business
An overwhelming majority of operators believe the ‘rule of six’ will negatively impact their business, Lumina Intelligence’s Hospitality Leaders Poll reveals.
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Analysis & InsightFood to Go to decline by £6bn in 2020
The food to go market is set to decline by £6bn in 2020 as a result of the coronavirus pandemic, analysis from Lumina Intelligence reveals.
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Analysis & InsightSeptember footfall on the up
Footfall across the UK continued to grow this month despite the conclusion of the Eat Out to Help Out scheme, according to Wireless Social. The Wi-Fi solutions provider’s latest footfall tracker revealed that for the first two weeks in September (recorded Saturday 5 and 12 September), footfall was 40% down on pre-lockdown levels, 3% higher than Saturday 29 August.