All Analysis & Insight articles – Page 75
-
Analysis & Insight
Hospitality 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.
-
Analysis & Insight
Large 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.
-
Analysis & Insight
The 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.
-
Analysis & Insight
UK 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.
-
Analysis & Insight
Pre-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.
-
Analysis & Insight
Coffer 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.
-
Analysis & Insight
Analysis: 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.
-
Analysis & Insight
Pub-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.
-
Analysis & Insight
One 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.
-
Analysis & Insight
Trade 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.
-
Analysis & Insight
Sunak’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?
-
Analysis & Insight
Three 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.
-
Analysis & Insight
‘Super Saturday’ sees cautious consumer return
Despite footfall being the highest it has been since lockdown commenced over the weekend, consumers were relatively cautious in their return to hospitality venues, data from Wireless Social has found.
-
Analysis & Insight
Barclaycard shows modest uptick in spending
Barclaycard Payments has reported the total value of transactions across hospitality, leisure and entertainment were down 45% compared to the same weekend last year, citing social distancing measures as having a significant impact on trading.
-
Analysis & Insight
CGA: 45% of English pubs and bars reopened on Saturday
Around 45% of England’s pubs and bars opened on Saturday, CGA reports.
-
Analysis & Insight
Morgan Stanley on Mitchells & Butlers
M&B’s pubs are mostly large, branded, food-led, freehold in residential areas, so better able to cope with Covid-19 pressures and take share as supply exits. We want to be positive, but its securitised debt needs the PLC to inject cash to fund it, and it might need to replace PLC debt with equity.
-
Analysis & Insight
Berenberg: UK pubs and restaurants guide to reopening
Having been closed for more than three months since the UK went into lockdown on 23 March, the UK’s pubs and restaurants will be allowed to reopen from this Saturday, 4 July. Having spoken to management teams across the sector numerous times over the last 19 weeks, we have pulled together a “cheat sheet” on reopening plans and key points to watch in the months ahead.
-
Analysis & Insight
Eating out divide deepens, at the expense of squeezed middle
The polarisation in the hospitality sector between quicker, convenience-led solutions and longer, richer, experiential occasions will deepen post-coronavirus, insight from MCA reveals.
-
Analysis & Insight
‘The model is broken’: solving the leasing question
Throughout lockdown, it has been easy to cast commercial landlords as the big bad wolf.
-
Analysis & Insight
Extra 145m pints under 1m+
An additional 145 million pints of beer can be sold out of home now that social distancing has been relaxed, according to CGA.