Pubs, Bars & Clubs News – Page 47
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NewsHeineken to invest £38m in Star Pubs estate
Heineken has announced it will be investing £38m in its Star Pubs & Bar estate in a new programme to benefit 700 venues in England and Wales by the end of this year.
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NewsStaff optimism dips amid shortages
The twin challenges around staff shortages and lingering concerns about staff safety have added to the pressure felt by staff in the hospitality sector, leading to a decline in the number seeing the sector as a viable long-term career according to the latest CGA and CPL Learning survey of hospitality staff. Hospitality teams generally feel safe in the venues they work in, but the reduction of Covid-19 restrictions has increased safety concerns for some.
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News‘Pubs are all about walk-ins’
JW Lees has hailed a resurgence of walk-ins as good news for the pub industry.
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NewsEasing of restrictions increases consumer spending
Over half of the UK adult population had an eating or drinking out occasion as restrictions eased across the UK during July. According to data from Lumina Intelligence, the proportion of UK consumers who had an eating out occasion increased to a peak of 52.2% over the 12 weeks to the 11 July, with frequency of visit and average spend also increasing.
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NewsONS data points to a possible recovery plateau
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.
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NewsHawthorn launches Proper Pubs platform
Hawthorn has announced the creation of a new operator managed platform called Proper Pubs. Proper Pubs will represent about 20% of the Hawthorn estate. Proper Pubs is run by director of managed operations, Mark Brooke, who joined Hawthorn last year. Admiral Taverns completed the acquisition of Hawthorn for £222.3m last week.
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NewsSlowdown in bookings for late-night sector
There has been a noticeable slowdown in nightclub bookings from the end of August, amid conflicting signals from government on the introduction of vaccine passports, according to the late night industry.
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NewsOn premise drinks continue to recover
CGA’s Drinks Recovery Tracker has highlighted continuing improvements in on premise drinks sales following the reopening of late-night hospitality. During the week ending 14 August, sales were just -5% behind the same week in 2019, having been as wide as -27% during the week that included the 19 July reopening in England.
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NewsRekom UK sees ‘record trading’ as clubbers return
Rekom UK, the 42-strong nightclub operator, has revealed a surge in people returning to nightclubs with trading currently 150% up on its 2019 figures.
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NewsAdnams reports strong returning demand
Adnams has posted a loss of £3.1m for the six months to 30 June 2021, as it reports strong returning demand from customers in its East Anglia heartland. The brewery and pub operator reported a turnover of £20.5m, marginally less than the £20.6m it posted for the same period in ...
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NewsPrice inflation forecast to rise as supply disruptions hit reopening
Food and drink supply markets have been hit by widespread distribution problems and a spike in demand following the reopening of hospitality, the CGA Prestige Foodservice Price Index reveals. Year-on-year food inflation stood at 1.6% in June, having levelled off at a time of year when it typically falls. The remaining months of 2021 are likely to see further increases in the level of food inflation, as sector demand returns towards pre-pandemic normality and extra supply costs and wage inflation feed into price increases.
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NewsPush back on business rates consultation says Colliers
Colliers is urging a push back on the Government’s proposals to move to three-yearly valuations on business rates as it is concerned about some of the detail included in the consultation. The property services firm has suggested that much of what is proposed will create difficulties rather than benefits for businesses appealing their business rates, while also adding costs and paperwork.
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NewsSales down 6% in July versus 2019 levels
The easing of restrictions, good weather and staycations combined to help hospitality continue its recovery during July, with total sales -5.5% lower than the July 2019 equivalent according to the Coffer CGA business tracker. On a like-for-like basis, sales during July were -6% lower than the same month two years ago. The restaurant sector led performance during the month, while bars benefited from the reopening of the night time economy. However, on a 12 month rolling basis, overall sales remained 20% below the 12 months to July 2020.
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NewsThe Inn Collection buys York’s Dean Court Hotel
The Inn Collection Group has secured historic York property The Dean Court Hotel as it continues to expand its pubs with rooms estate across the north of England. The 40-bedroom site will begin trading immediately under The Inn Collection Group’s flagship ‘Eat, Drink, Sleep and Explore’ trading brand. The undisclosed deal takes The Inn Collection Group’s total site count to 25 and is its fifth Yorkshire venue.
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NewsBeavertown makes move into pubs
Beavertown, the Heineken-backed craft brewer, is to make its debut in the pub sector with the opening of Corner Pin in collaboration with Tottenham Hotspur.
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NewsRent collection improves during Q2
According to data from Remit Consulting, the collection of rent from commercial property tenants has continued to improve. Remit’s data suggests the ‘leisure sector’ has seen a marked improvement in rent payments during Q2. A quarter of tenants were said to have paid on time and within 21 days of payment due date, 49.5% of rents had been collected. In the March quarter, the equivalent figure stood at 38.4%.
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NewsRedCat acquires Coaching Inn Group
RedCat Pub Company, the group led by former Greene King chief executive Rooney Anand, has acquired The Coaching Inn Group.
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NewsHospitality sector drives 40% of Q2 GDP growth
The reopening of indoor dining helped underpin UK GDP growth during Q2 2021. Analysis from UKHospitality shows the hospitality sector was responsible for 40% of total economic growth from Q1 to Q2 2021, with Kate Nicholls calling on the Government for business rate reform and a permanently lowered rate of VAT.
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NewsBarkby returns to positive cash generation
Barkby Group has reported its pubs division experienced “extremely strong” trade in July, with like for like sales up 97% on the same period last year and up 10% on the equivalent period in 2019.
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NewsNightcap builds pipeline with LCC site
Nightcap has secured its first new site for London Cocktail Club (LCC) and is in advanced negotiations on five further properties across its portfolio of brands.