It has been revealed that 27,951 hospitality venues closed their doors between March 2020 and September 2024 at a rate of 119 per week, according to data from CGA. However, 12,767 have opened during that time, either in vacated premises or in converted or new-build sites. The net result is…
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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 hospitality industry accounted for 10% of administrations in 2024 – the fourth highest sector in the UK – according to analysis by full-service law firm Shakespeare Martineau. A total of 1,718 businesses, 172 of which came from the hospitality sector, filed for administration – marking a 28% and 5%…
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The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…
Read More » Insolvencies in the accommodation and food services sector were down 24% to 253 in October 2024, down from 332 in October 2023. In addition, insolvencies in the sector saw another month-on-month decrease from 261 in September 2024 to 253 October 2024. Saxon Moseley, partner and head of leisure and hospitality…
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Hospitality groups recorded year-on-year sales growth of 2.7% in November 2024, according to CGA and RSM’s latest Hospitality Business Tracker. The like-for-like figure last month was found to be “marginally” above Britain’s rate of inflation as measured by the Consumer Price Index, and marks the first real-terms growth since June. …
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Itsu has announced a new collaboration with hospitality company Delaware North, which will see the chain deliver sushi produce to Emirates Stadium in Islington, London. This partnership, which aims to build Itsu’s presence beyond traditional high street locations, follows another brand new partnership with Vitality and the launch of its…
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Just Eat has given a notice of intention to delist from the London Stock Exchange in order to reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing. It added that in the context of low liquidity and trading volumes of…
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Hospitality groups achieved year-on-year sales growth of just 0.6% in October, which marks the fourth month of below-inflation growth in a row – meaning that data is currently at its lowest point since April, according to the CGA RSM Hospitality Business Tracker. The flattening of sales reflects fragile consumer confidence…
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Optimism among Britain’s hospitality leaders has taken a sharp downward turn with only 41% of leaders feeling confident about prospects for their business over the next 12 months, according to data from CGA. This is a dip of 8 percentage points from August’s figure of 49%, a fourth quarter-on-quarter decline…
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UKHospitality has coordinated a letter signed by numerous hospitality groups in the UK warning against tube strikes over the Christmas period which can cost businesses up to 70% of daily sales. The letter is backed by the bosses of pub groups, Fuller’s, Greene King, Punch Pubs, Stonegate Group, Young’s –…
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