All MCA Insight articles in July 2020 – Page 10
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OpinionMore bright spots on the horizon
Soho! One of the most colourful, vibrant and edgy parts of the capital, it’s famous, and infamous, for its neon-lit nightlife. So although in this current coronavirus climate you have to question the mindset of anyone who sees a crowd and gravitates towards it, it was inevitable it was going to get a bit busy there on the 4 July. Grim scenes for any nervy hypochondriacs who could actually taste the coronavirus dripping down onto Soho’s cobblestone streets, but the reality is that the footage only served to demonstrate how isolated it was.
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NewsFlat Iron MD Jo Fleet: Lack of demand our biggest challenge
Until there is a shift in messaging around the use of public transport, city centre operators will continue to suffer, MCA’s The Conversation has heard.
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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.
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NewsOakman Inns CEO Peter Borg-Neal: Happy with 4 July reopening
Peter Borg-Neal has told MCA he was “happy” with the way his estate traded over the 4 July reopening weekend. Speaking to MCA’s virtual event The Conversation, the Oakman Inns CEO said “on balance the weekend went well. “We traded around 83% of last year on a like for like basis on Saturday, and about 82% on the Sunday. We’re quite happy with that number given that we were at 75% capacity in terms of the number of seats and we had no vertical drinking except for in the garden.
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NewsWelsh hospitality calls for inside reopening date as it faces 30,000 job losses
At least 30,000 jobs are expected to be lost in the Welsh hospitality sector as a result of the coronavirus crisis, and almost half of these have already happened, a survey by the Welsh Independent Restaurant Collective has found.
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NewsMcDonald’s rolls out breakfast, reopens further sites
McDonald’s will roll out breakfast to a further 1,250 restaurants today (8 July).
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NewsRockfish secures £1m through CIBLS
Rockfish, the Mitch Tonks-owned seafood restaurant group, has secured a loan of more than £1m to see it through the recovery period.
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NewsBBPA calls on chancellor for three-point pub support
Given sufficient support, the pub sector could help drive the economic recovery of the UK post-coronavirus, the British Beer & Pub Association has said.
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News
Restaurant auction raises £225k
A restaurant industry fundraiser led by Huw Gott of Hawksmoor and Libby Andrews of Pho has raised more than £225,000 for those hit hardest by the coronavirus lockdown.
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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.
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Analysis & InsightBarclaycard 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.
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NewsEmployers boost staff morale with home delivery
Deliveroo for Business has reported a 2,500% uptick in new business, as employers turn to food delivery to boost staff morale while working from home.
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NewsArc to launch new Box bar in Deansgate
Arc Inspirations is to launch a new bar under its Box brand to Deansgate, Manchester next year.
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NewsSt Austell: ‘Long road to recovery’
Trading at the weekend was “significantly lower” than last year, reinforcing the need for long term support for the pub sector, St Austell CEO Kevin Georgel has said.
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NewsUrgent support call for sector
More than 100 industry leaders from across the have written to the Government demanding urgent support to stimulate the revival of the sector following the coronavirus crisis.
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NewsPubs re-close after virus outbreak
At least three pubs have announced they have closed after customers tested positive for coronavirus.
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NewsWhitbread opens 24 restaurants
Whitbread has reopened 24 restaurants and 270 UK hotels, with the the majority of the rest of the estate due to reopen throughout July.
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NewsElliott Advisors eyes CDG
American hedge fund Elliott Advisers is among investors vying to take over Casual Dining Group (CDG), Sky News reports.
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Analysis & InsightCGA: 45% of English pubs and bars reopened on Saturday
Around 45% of England’s pubs and bars opened on Saturday, CGA reports.
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NewsPret to close 30 shops
Pret CEO Pano Christou has said it is a “sad day” for Pret after he announced it was permanently closing 30 shops as a result of the coronavirus crisis. He said the impact of the virus on operating costs and cashflow had been “significant”, with sales down 74% year on year, and that Pret would now look to reduce staff across its remaining shops and at its London HQ. It will also look to sell the lease of the building.