All Pubs articles – Page 17
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NewsPubs, bars and clubs see surge in spending
Data from Barclaycard shows spending at pubs, bars and clubs reached its highest growth for over 17 months during August, and restaurant spend broke into positive growth for first time since the pandemic hit, with expectations that spending will continue to grow further as workers return to the office.
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NewsPubs turn to tech, IPOs and acquisitions to grow
Data from Lumina’s Operator Data Index highlights the collapse in pub turnover between 2019 and 2021, with pub groups increasingly focused on tech, IPOs and acquisitions to help ‘right size’ estates and grow sales.
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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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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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Analysis & InsightGrowth in delivery and takeaway sales begins to stabilise
Growth in delivery and takeaway sales began to stabilise in July as hospitality fully reopened and consumers returned to eating out, with July’s delivery and takeaway sales 206% higher than the 2019 equivalent. But data from CGA’s Hospitality at Home Tracker indicates that delivery and takeaways accounted for over a third of restaurant and pub groups’ sales in July, with delivery representing one in five sales.
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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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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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Analysis & InsightSupply chain fault lines
Supply chain issues are currently hitting the headlines and affecting trade at operators such as KFC and Nando’s. In addition, beer deliveries could be affected by potential strike action by draymen towards the end of August. So, what are the key issues that are causing these supply chain shortages, is the situation likely to continue and what might ultimately be the consequences?
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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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Analysis & Insight93% of licensed venues trading in July
According to CGA’s and AlixPartners Market Recovery Monitor, approximately 5,000 licensed premises reopened in July, meaning 93% of Britain’s pubs, bars, restaurants and other venues are now trading. There are variations by location and type of premise, with groups and food-led sites rebounding strongly. Independents, drinking venues and nightclubs are less likely to be trading. In all, over 98% of food-led premises have reopened. City centre sites are more likely to be trading once more compared to suburban and rural sites.
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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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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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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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Analysis & InsightThe growing appeal of IPOs
After a Covid-induced hiatus, there have been several IPO announcements this year, with companies such as TGI Fridays, Tortilla, Hawksmoor and Giggling Squid considering their options around going public. Meanwhile several more are believed to be weighing up a listing. How much of this is an opportunistic post-Covid trend? Does it represent a structural shift away from the private equity model? And what are the risks and rewards? Dominic Allport, insight editor, reports.
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Analysis & InsightAverage spend up as pubs and bars grow share
Latest data from Lumina Intelligence’s Eating & Drinking Out Panel indicates a shift in channel share during the four weeks to 11 July 2021 driven by the Euros. As consumers gathered to watch the football, pubs and bars have continued to gain channel share, accounting for 15.0% of total eating out occasions across the four weeks – up 2ppts versus the previous period. Restaurants have also continued to grow share, up 0.6ppts to 12.7%.
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NewsGrowing brands highlight key market trends
Lumina’s latest ODI (Operator Data Index) analysis includes full year 2021 outlet growth forecasts for both emerging and established brands within important market segments. It also discusses some of the key market trends that are currently helping brands expand. Trends include creating atmosphere, focusing on online and diversification of offer.