Consumer Confidence
We report on consumer confidence trends and how they influence spending habits across the UK foodservice and hospitality sector. This features our coverage of economic sentiment, household budgets, discretionary spend patterns, and the wider behavioural shifts affecting restaurant, pub, café, and catering trade. Whether you’re planning pricing strategies, forecasting sales, or adjusting marketing efforts, our reporting links consumer psychology to trading outcomes, helping foodservice operators make informed commercial decisions in a changing economic environment.
-
Dec- 2024 -9 DecemberPubs and Bars
Drinks sales return to growth during last week of November
UK drinks sales edged back into growth by 1% in the last week of November, according to CGA’s and NIQ’s Daily Drinks Tracker. It is a welcome upswing after a “tricky” previous week and fluctuations throughout the autumn and early winter. Drinks sales were up year-on-year on five of the…
Read More » -
2 DecemberNews
UK drinks sales fall 9% as Christmas nears
Drinks sales in Britain’s pubs, bars and restaurants are “lagging” as average sales in managed venues in the week ended 23 November were 9% down on the same week in 2023, CGA by NIQ’s Daily Drinks Tracker showed. Widespread chilly weather pushed down sales throughout the week, with 17 November…
Read More » -
Nov- 2024 -27 NovemberFeatures
Key takeaways from HOSPACE 2024
The HOSPACE 2024 conference, hosted by the Hospitality Professionals Association (HOSPA) on 14 November at the Royal Lancaster London, marked a milestone in an unexpectedly positive year for UK hospitality. With record attendance exceeding 600 leaders and innovators, the event delivered critical insights and discussions on the industry’s evolving landscape. …
Read More » -
20 NovemberBusiness
Hospitality sales slow in October as cost pressures mount
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…
Read More » -
12 NovemberRestaurants
Various Eateries group revenues to beat expectations at £50.5m
Various Eateries expects its group revenues to be slightly ahead of market expectation at £50.5m for the full year to 29 September, a rise from £45.5m recorded last year, despite like-for-like sales declining by 1% by year-end. The operator of Coppa Club and Noci revealed that the elevated group revenues…
Read More » -
8 NovemberNews-In-Brief
Today’s news in brief – 08/11/24
Krispy Kreme has seen Q3 losses widen to $16m (£12.9m), up from a loss of $2.1m (£1.7m) in the previous year, as the UK market underperformed over the period. It comes as net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m (£328.2m). Despite this, organic sales rose by…
Read More » -
8 NovemberTrade Associations
UKH welcomes ‘short-term’ fix of interest rates cut
UKHospitality has welcomed the Bank of England’s interest rates cut from 5% to 4.75%, saying it is “positive news in the short-term”, particularly those still struggling with pandemic debt repayments, and consumer confidence. However, the trade body said it believes the benefits of this cut is overshadowed by the looming…
Read More » -
Oct- 2024 -31 OctoberBusiness
Budget reaction: Rising costs ‘latest blow’ to sector’s recovery
The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the sector’s recovery. Yesterday, Reeves announced a series of measures aimed at raising £40bn in taxes, including employers’ national insurance contributions rising to 15%, alongside hikes in both the National Living…
Read More » -
24 OctoberFood and Drink
Hospitality groups see sales rise 1.7% in September
British hospitality groups recorded a year-on-year sales rise of 1.7% in September, according to CGA RSM’s latest Hospitality Business Tracker. This means that managed venues have achieved like-for-like increases in eight of the nine months to September 2024. Following recent below-inflation growth of 1.5% in July and 1.3% in August,…
Read More » -
21 OctoberBusiness
Hospitality insolvencies show signs of easing
Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since January 2024, according to the Insolvency Service. Furthermore, insolvencies were down 29% when compared with the same month last year. However, insolvencies in the sector increased 9% in the year…
Read More »
