Sales in UK hospitality venues during the 2022 FIFA World Cup are expected to be down by £44m compared to 2018, a new report from VoucherCodes has found. The 2022 World Cup Spending Report forecast that pubs, bars, and restaurants are set to make £395m in sales throughout the tournament,…
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The latest news and updates on the business of foodservice, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it warned that the UK is set to face its longest recession since records began. At its meeting ending on 2 November 2022, the Bank’s MPC voted by a majority of…
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Business confidence and outlook within the hospitality sector has reportedly plummeted among hospitality traders, according to new research targeting pubs, restaurants, and hotels by accountancy firm, Haysmacintyre. In light of the current economic crisis, the survey revealed that only 19% of operators are optimistic about the industry’s prospects. This figure…
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Over a third of the UK’s hospitality sector is at risk of business failure in early 2023 due to soaring energy costs and the rise in the cost of goods, according to a new survey by UKHospitality, the British Beer and Pub Association (BBPA), the British Institute of Innkeeping (BII)…
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Starbucks has announced the expansion of its partnership with Sainsbury’s across the UK, with plans to open 30 new Starbucks cafés within Sainsbury’s stores by the end of 2022. The announcement comes as Sainsbury’s and Starbucks are celebrating the launch of its 50th Starbucks café in partnership together, located in…
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The hospitality industry is set to stage its third protest next month at Parliament Square, urging the government to make policy changes to prevent “catastrophic closures” within the sector. The protest will be held at 11am on Monday 14 November, with members of the hospitality industry invited to converge on…
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Burger King has announced its membership into the British Franchise Association (bfa), as part of a commitment to ethical franchising, and “ensuring franchisees feel confident about the viability of their businesses”. Burger King said it was “excited” to join the association, which aims to “support and influence high quality, ethical…
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Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including pubs, bars, restaurants, cafes and hotels, according to the latest Hospitality Market Monitor from CGA and AlixPartners. The closures over the last quarter follow a “sharp rise” in prices in energy,…
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Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices as the main contributor, according to the latest figures from the Office for National Statistics (ONS). The increase to the annual inflation rate in September 2022 reflected, principally, rising food…
Read More » Frost Burgers, a vegan burger restaurant in Manchester and Liverpool, has entered into administration following “financial distress”. Paul Stanley and Jason Greenhalgh from Begbies Traynor have been appointed as joint administrators after the vegan restaurant chain ceased trading last month. The firm is now looking for someone to buy the…
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