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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Nov- 2024 -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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12 SeptemberNews
Today’s news in brief – 12/09/24
Adnams chairman Jonathan Adnams has stepped down due to health reasons. The news comes after he initially informed members of his possible retirement at the company’s last Annual General Meeting. As a result, the board “unanimously” agreed that Simon Townsend will step in on an interim basis as non-executive chairman. …
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12 SeptemberRestaurants
Majority of consumers support Tipping Act, finds RSM
A survey of 2000 from RSM has found that 80% of consumers think that 100% of tips and service charges should go to staff. Despite this, only a fifth (20%) believe that hospitality staff receive 100% of the tips from customers. The new Employment (Allocation of Tips) Act 2023 will…
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Aug- 2024 -21 AugustPubs and Bars
UK hospitality groups report 1.5% YoY growth in July
Britain’s top hospitality groups achieved year-on-year growth of 1.5% in July 2024, down from June’s rate of 2.9%, according to the latest CGA RSM Hospitality Business Tracker. As July started with the peak of the 2024 Euros, including the quarter, semi-final and final games, Britain’s pubs experienced like-for-like growth of…
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Jul- 2024 -24 JulyBusiness
Hospitality sees YoY sales rise 2.9% in June
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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5 JulyGovernment
UKH: ‘Labour needs to deliver on its commitments, and quick’
UKHospitality chief executive Kate Nicholls has said that “we need to see Labour deliver on its commitments, and quick,” after the party secured a landslide victory at the general election. The UKH boss said within the first 100 weeks, the sector needs to see reduced employer National Insurance Contributions to…
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