By M&C Report team2006-06-18T20:01:00+01:00
The reopening of hospitality has led to a sharp increase in spending in Q2 2021 according to Deloitte’s Q2 Consumer Tracker. Spending in restaurants and bars has seen its biggest quarterly rise and was now ”significantly higher than their pre-COVID levels”.
Data from IGD is predicting a faster-than-expected food-to-go recovery. By the end of 2021, it is forecasting sales to reach £15.6bn, 82.5% of its 2019 value. It is also forecasting sales to return to pre-Covid levels in the second half of 2022, six months earlier than expected.
There is a risk of further venue closures and reduced service as a result of the government’s decision to omit hospitality from its self-isolation exemption list, according to UKHospitality.
Five Guys, Taco Bell, and Pollo To Go have been signed up for Xscape Yorkshire in Castleford, Landsec’s leisure and entertainment destination.
Côte executive chair Jane Holbrook is looking to ‘do a Wagamama’ on the French brasserie brand and make it one of the stand-out performers in the market. Joining last year with new owners Partners Group – an acquisition which won Deal of the Year at MCA’s Retailer’s Retailer Awards – she shares her vision for the restaurant group, and why it must become more relevant and contemporary to win over a new generation of customers.
US hot dog giant Nathan’s Famous has announced plans to expand the business in Europe, including a refreshed growth drive in the UK.
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