More than half (53%) of U.K. managers working in hospitality say their company and staff are suffering from burnout, according to a survey from Axonify. Managers cited long working hours (69%), high stress levels (68%) and understaffing (64%) as the main causes. Managers remain divided about the impact that Brexit…
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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.
Claims in the UK’s hotel and catering sector have spiked by 100% in July, compared with the same time last year, according to trade credit insurer Atradius. This comes despite overall claims in the F&B sector declining by 75% in July, a pivotal time for tourism in the UK. According…
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The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…
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The hospitality industry has recorded its first quarter-on-quarter growth in outlets in two years, according to the new Hospitality Market Monitor fry CGA by NIQ and AlixPartners. It comes as a 0.5% rise in the number of licensed premises between March and June of this year has resulted in 462…
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The Brighton Pier Group has reported that like-for-like sales in the first 18 weeks of the year were down by approximately £500k on the equivalent period in 2023, owing primarily to poor weather impacting trading on Brighton Palace Pier. In recent months, the group revealed that poor weather has continued…
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Start-up hospitality investment platform Shuffle has revealed that it has committed to investing £2.5m into Manchester’s hospitality industry. The founders have chosen Manchester as the first location in the UK to launch and have already partnered with Madre, Medlock Canteen, Trof and Bold Street Coffee. Shuffle will provide upfront capital…
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Hospitality groups recorded year-on-year sales growth of 2.9% in June, down slightly from May’s rate of 3.6% but ahead of the current rate of inflation, according to the latest CGA RSM Hospitality Business Tracker. This marks the eighth period of growth in the last nine months. During June, restaurants were…
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Scottish hospitality venues have experienced a 33% rise in sales during Scotland’s Euros matches. The data, which was collected by CGA by NIQ, revealed that the day of Scotland’s game vs Switzerland generated the biggest boost in sales, with an increase of 38% on last year. Meanwhile, games where Scotland…
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Tortilla Mexican Grill has announced its strategic acquisition of Fresh Burritos, a France-based European fast-casual Mexican restaurant, for a total of €3.95m (£3.34m). The deal has been funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It…
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Booking for this year’s Father’s Day (16 June) has risen 44% compared to last year, according to the latest hospitality insights from Zonal. This spike in Father’s Day bookings has been attributed to Brits gearing up to celebrate their dads over a Euros-packed weekend. Dinner reservations for this Sunday are…
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