All Analysis & Insight articles – Page 71
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Analysis & InsightHospitality Leaders Poll: Operators divided over Eat Out to Help Out
Consumers may have lapped up the Chancellor’s Eat Out to Help Out scheme, but operators are split over how helpful it has been.
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Analysis & InsightJuly trading down 50% year-on-year
Managed pub, restaurant and bar groups saw total July sales down 50.4% on the same month last year, according to the latest Coffer Peach Business Tracker.
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Analysis & InsightPubs lead the way in sector reopening
Less than two thirds (62%) of the UK’s licensed premises were trading again by the end of July, with pubs reopening at a quicker rate than restaurants, according to the new Market Recovery Monitor from CGA and Alix Partners.
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Analysis & InsightNo-shows and cancellations begin to drop
Consumers are now slightly more likely to honour their eating and drinking out reservations than they were when venues initially reopened, CGA’s latest consumer pulse survey has revealed.
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Analysis & InsightFootfall returns to 50% pre-lockdown levels
UK footfall has returned to 50% of pre-lockdown levels, according to the latest data from Wireless Social.
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Analysis & InsightHospitality reopening moves services sector from ‘contraction’ to ‘growth’
The reopening of restaurants, pubs and bars last month prompted Britain’s services sector to grow at its fastest rate in more than five years, according to a survey by IHS Markit.
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Analysis & InsightThree in four hospitality businesses at risk of insolvency
More than three quarters of hospitality businesses are at risk of insolvency within the next 12 months, UK Hospitality has revealed.
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Analysis & InsightUK footfall dips for first time since reopening
This week, Saturday footfall declined for the first time since the reopening of hospitality, according to the latest data from Wireless Social.
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Analysis & InsightHospitality loses £30bn in sales through lockdown
As a result of the coronavirus crisis, Q2 sales across the hospitality industry plummeted by 87% compared to the same period last year, the latest tracker from UK Hospitality and CGA has found.
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Analysis & InsightLarge majority feel safe in pubs and restaurants
An overwhelming number of consumers (94%) who have visited pubs, restaurants and bars in England in the two weeks since reopening were satisfied with the safety steps in venues they visited, with 96% being likely to recommend a visit to friends and family.
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Analysis & InsightThe rise and fall of Coffeesmiths Collective
One of the more intriguing growth stories of the past ten years, Coffeesmiths Collective is the latest business to begin insolvency proceedings, as parts of the business enter liquidation.
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Analysis & InsightUK footfall growth slows
Although UK footfall continued to rise last week, its growth rate slowed slightly, according to the latest footfall tracker from Wireless Social.
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Analysis & InsightPre-bookings rise as consumers open to mandatory deposits
Consumers are putting much more planning into eating and drinking out post-lockdown, CGA’s new Consumer Pulse survey has found.
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Analysis & InsightCoffer Peach: Trading at 60% of pre-covid levels
Managed pub, bar and restaurant groups that reopened in the first week post-lockdown saw trading up from reopening weekend, according to the latest Coffer Peach Business Tracker.
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Analysis & InsightAnalysis: Clinging to life in the ghost town
London, you may have heard, is a ghost town. In the latest round of borderline dystopian statistics to surface as a result of the pandemic, just 7,000 of the 120,000 workers based in Canary Wharf are back at their desks. And although office workers across the capital may be thrilled to be without the twice daily commuter Hunger Games, for those in hospitality, a few stifling minutes on the Central line is a non-issue if the alternative is unemployment. In the last month alone, city-based to-go brands including Wasabi, Tossed, Pret and most recently Itsu have appointed advisors to assess their options, but whilst, historically, the mention of advisors might ring alarm bells, faced with the current economic climate, it could be time to shed the stigma.
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Analysis & InsightPub-goers opt for beer on reopening weekend
Consumers returning to pubs and bars last weekend opted for beer over other alcohol options, CGA’s Drinks Recovery Tracker has revealed.
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Analysis & InsightOne in four to spend less on eating out in next six months
One in four consumers will make spending less money on eating out a priority in the next six months, HIM/MCA Insight’s Recovery Report has found.
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Analysis & InsightTrade down 45% on opening weekend for pub and restaurant groups
Managed pub, bar and restaurant groups that opened last Saturday saw like for like trading 44.5% down compared to the same weekend last year, according to CGA’s Coffer Peach Business Tracker.
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Analysis & InsightSunak’s sector support – help out or wash out?
The Chancellor, it seems, has done it again. For all the pre-emptive whispers of potential VAT cuts and unprecedented (in the UK, at least) voucher schemes, Rishi Sunak’s Summer Economic Update didn’t disappoint. But if the coronavirus crisis has taught us anything, it’s that glorious headlines don’t always equate to glorious results – something hospitality’s ‘squeezed middle’ know all too well. So how will Sunak’s Plan for Jobs work in reality?
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Analysis & InsightThree in five worried about returning to bars and restaurants
Operators looking to reopen in the next few weeks will have to work especially hard to ease safety concerns, as the majority of consumers still feel worried about returning to hospitality spaces, the new Recovery Report by HIM/MCA Insight has revealed.