Insolvencies of pubs, bars and restaurants have increased by 59% from 1,354 to 2,156 over the past year, with spikes in energy bills forcing many to consider closure.
The Licensed Trade Charity (LTC) has compiled useful resources to help the sector manage finances as the cost-of-living crisis bites, including financial grants and a 24/7 helpline.
Drinks sales in Britain’s managed pubs, bars, and restaurants in the seven days to Saturday 3 September were 10% ahead compared with the same week last year, the latest CGA by NielsenIQ’s latest Drinks Recovery Tracker has revealed.
So the wait is finally over and the one MP most of her colleagues didn’t think was up to the job is now moving into number 10, but hey ho, what do they know that the wider Conservative membership doesn’t…
Drinks sales in Britain’s managed pubs, bars, and restaurants in the seven days to Saturday 27 August were 0.5% ahead compared with the same week one year ago, the latest CGA by Nielsen IQ’s Drinks Recovery Tracker has revealed.
Chancellor Nadhim Zahawi has outlined plans for a multibillion-pound package of tax cuts to help businesses facing collapse due to rising energy costs.
Food and drink sales at pubs, bars and restaurants are in growth in only half of Britain’s 10 biggest city centres, as mounting financial challenges take their toll.
The energy crisis could lead to slashed wages and redundancies unless Government hands hospitality an “urgent and comprehensive” support package, according to UKHospitality.
Drinks sales in Britain’s managed pubs, bars, and restaurants were 1% down in the seven days to Saturday 20 August compared with the same week in 2019, the latest CGA Drinks Recovery Tracker has revealed.
Transparency is key for SMEs in navigating price increases as the cost-of-living crisis continues for both businesses and consumers, Metro Bank has stated.
Drinks sales in Britain’s managed pubs, bars, and restaurants in the seven days to Saturday 13 August were 9% ahead of the same week in 2019, the latest CGA by NielsenIQ’s Drinks Recovery Tracker has revealed.
Average sales by value in Britain’s managed pubs, restaurants, and bars in the seven days to Saturday 6 August were 4% ahead of the same week in 2019, the latest CGA by NielsenIQ’s Drinks Recovery Tracker has revealed.
Fuel prices have begun to slowly decrease, potentially lessening the strain on supply chains, but businesses are still suffering “uncertainty” as consumers continue to grapple with the cost-of-living squeeze.
Night Time Economy Adviser for Greater Manchester Sacha Lord has demanded the Government return to parliament to intervene in the economic issues that are “more damaging than Covid”.
The confidence of pub, bar and restaurant leaders has tumbled over the second quarter of 2022 after costs soared for both businesses and consumers, according to CGA and Fourth’s second-quarter Business Confidence Survey.
UKHospitality Scotland new chairman Chris Wayne-Wills opened up on the sector’s struggles with housing infrastructure, skyrocketing costs and a shortage of staff.
Turnover in bars and restaurants has continued to struggle in the aftermath of the pandemic, particularly big businesses, while other sub-sectors within the food and drink industry have remained flat, research from the second annual Shaw & Co Food...
Pubs and bars in Square Mile, central London, are gearing up for a summer of ‘alfresco’ dining after the City of London Corporation agreed to grant free pavement licences to hospitality businesses.
The British Beer & Pub Association (BBPA) is urging Brits to visit pubs as part of their staycation this summer, with warm weather set to continue after this week’s heatwave.
June’s like-for-like sales at Britain’s top managed pub, bar and restaurant groups were 5% ahead of pre-Covid levels in June 2019, the latest Coffer CGA Business Tracker has revealed.
Amidst the race to become the new Prime Minister, the British Beer and Pub Association (BBPA) has issued all Conservative candidates a manifesto setting out what action needs to be taken to help the industry.
The British Institute of Innkeeping (BII) has called for Government support to ensure the future survival of pubs, after a survey of its members revealed the fragility of the sector as it battles huge economic challenges.
The hospitality sector saw a decline in May despite the UK economy having grown by 0.5%, the latest figures from the Office for National Statistics (ONS) have revealed.
Sales are back to pre-Covid levels, but 15% of roles remain vacant, costs are spiralling and consumer spending is being hit by cost-of-living challenges, a report has revealed.
Average sales by value for managed venues in the seven days to Saturday 25 June were 7% down on the same week in 2019 as the biggest rail dispute for more than 30 years impacted city-centre and after-work occasions, according to the latest CGA by NielsenIQ...
The number of English and Welsh pubs fell below 40,000 for the first time during the first half of 2022, having fallen by 7,107 in the past 10 years, new research from real estate adviser Altus Group has revealed.
UK’s late-night economy harbours “an abundance of resilience and entrepreneurial spirit”, having a huge part to play in the regeneration of high streets and towns nationwide, according to the Night-Time Industries Association (NTIA).
Hospitality Ulster and teamed up with UKHospitality (UKH) to launch its a workforce strategy to upskill the sector staff in Northern Ireland in a bid to tackle labour shortages.
Weekend rail strikes saw hospitality sales “hugely affected”, particularly in London and Manchester, with some city pubs having reported a 50% decline in sales, according to S4labour and the British Beer & Pub Association (BBPA).
Hospitality businesses in Northern Ireland are facing a triple threat from rising business costs to a lack of consumers’ disposable cash and labour shortages, according to Hospitality Ulster chief executive Colin Neill.
Hybrid working and the cost-of-living crisis have had a significant impact to on premise trading patterns, new research from CGA and NielsenIQ has revealed.
Late-night hospitality businesses are losing up to 40% of trade because of the ongoing rail strikes, according to the Night Time Industries Association (NTIA).
Crerar Hotels chief executive Chris Wayne-Wills has been appointed UKHospitality Scotland chairman as the sector grapples with unprecedented financial pressures and workforce shortages.
The events sector is bracing itself for this week’s planned rail strikes, which are due to have a substantial hit on trade, according to the Night Time Industries Association (NTIA).
Confidence levels in the future of the hospitality sector have fallen dramatically between November last year and now, according to research by accountancy firm Haysmacintyre.
The MA's Ed Bedington caught up with Creative Hospitality's Bruno Nunes for his take on the big news this week, from pessimism in the face of the oncoming challenge through to reinvention for survival.
Rail strikes confirmed to take place later this month will have a “devastating” impact on the hospitality industry as it continues to rebuild following the pandemic, according to trade bodies and representatives across the sector.
Consumer spending slowed by 1.2% for pubs, clubs and bars in May compared to the same period in 2021, as the cost-of-living crisis squeezes Brits’ budgets.
The Mayor of London has announced today (7 June) a £500,000 programme to create Night Time Enterprise Zones in the capital to fuel London’s economic recovery.
Just under three quarters (70%) of operators who received support from a pub company during the pandemic felt satisfied with the help provided, according to new research from insight agency KAM Media.
More than 10,000 pubs and restaurants could close as the sector faces “as big a crisis, if not bigger” than the pandemic, warned UKHospitality (UKH) chief executive.
The Campaign for Real Ale (CAMRA) has called for Government intervention after its research showed an average of just over 5 pubs a week (290 in total) were demolished or converted to another use in 2021.
