RSM
Our RSM coverage focuses on the latest research, reports, and expert commentary from RSM UK that impact the foodservice and hospitality sector, including financial health trends, insolvency risk data, inflation insights, and business advisory relevant to restaurants, pubs, bars, and catering operators. We highlight RSM’s analysis on market pressures, operational costs, and sector resilience, providing operators with essential intelligence to inform strategy, investment, and financial planning.
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Jan- 2025 -13 JanuaryNews
Consumer confidence rebounds as dining out surges in November
Consumer confidence recovers as 75% of people have gone out to eat in November 2024, CGA by NIQ’s latest On Premise Consumer Pulse Report revealed. The research, which provides suppliers and operators with insights into consumers’ latest habits and priorities, indicates that 92% visited the On Premise in November, up by…
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Dec- 2024 -18 DecemberNews-In-Brief
Today’s news in brief – 18/12/24
Azzurri Group has seen profits rise from £21.3m to £41.9m in FY24, amid a year of “strong financial performance and transactional strategic progress. The Zizzi owner reported that revenues rose by 185 to £303.1m, while EBITDA more than doubled to £32.1m. It also acquired the UK&I master franchise rights for…
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18 DecemberBusiness
Hospitality insolvencies fall 24% YOY in October
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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18 DecemberBusiness
Hospitality sales rise 2.7% ahead of Xmas celebrations
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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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. …
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20 NovemberNews-In-Brief
Today’s news in brief – 20/11/24
Hospitality groups saw October sales slow amid ongoing cost increases, according to the CGA RSM Hospitality Business Tracker. In light of this, concerns have been raised for trading over the crucial Christmas period, which adds to new pressures on the sector’s tax burden set out in the government’s recent budget. …
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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…
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Oct- 2024 -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,…
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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…
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Sep- 2024 -19 SeptemberPubs and Bars
Pubs outperform licensed sector despite ‘disappointing’ weather
Managed pubs have outperformed the licensed sector as a whole in August, with year-on-year growth of 2.9% despite disappointing weather, according to the latest edition of the CGA RSM Hospitality Business Tracker. Restaurants recorded a 0.8% increase, while the on-the-go segment achieved 5.0% growth. However, bars continued a long run…
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