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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May- 2024 -23 MayNews
Today’s news in brief – 23/05/24
Hospitality saw sales drop 1.7% YoY in April due to wet weather, the new CGA RSM Hospitality Business Tracker has revealed. It comes as the first year-on-year drop in monthly sales since September 2022. Last month also faced tough comparatives with April 2023, which included the full Easter holiday. Bars…
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23 MayFood and Drink
Hospitality YoY sales drop 1.7% due to more wet weather
Britain’s top hospitality groups saw sales drop 1.7% year-on-year in April after widespread wet weather, the new CGA RSM Hospitality Business Tracker has revealed. It comes as the first year-on-year drop in monthly sales since September 2022 and in sharp contrast with March, when the sector achieved 5.3% growth due…
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15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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Apr- 2024 -26 AprilFood and Drink
At-home restaurant sales flatline in March
At-home sales for the top managed restaurant groups were “virtually flat” year-on-year in March, according to CGA by NIQ’s latest Hospitality at Home Tracker. During the last month, like-for-like sales of deliveries and takeaways were just 0.8% ahead of March 2023. According to CGA, this was a 10th consecutive month…
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18 AprilNews
Today’s news in brief – 18/04/24
Hospitality groups saw sales grow 5.2% in March, having been aided by early Easter Bank Holiday revenues falling that month. According to CGA and RSM’s latest Hospitality Business Tracker, celebrations delivered “particularly” strong growth for the managed pub sector, where like-for-like sales were up by 7.2% in March. Carringtons Catering…
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18 AprilFood and Drink
Hospitality sales rise 5.2% in March due to Easter boost
Britain’s top hospitality groups experienced above-inflation like-for-like sales growth of 5.2% in March, according to CGA and RSM latest Hospitality Business Tracker. While hospitality operators enjoyed the boost to trading that events such as Mother’s Day and St Patrick’s Day brought, the high growth metrics seen in the Tracker…
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Mar- 2024 -14 MarchNews
Today’s news in brief – 14/03/24
Top hospitality groups saw “modest” sales growth of 1.4%, according to the latest CGA RSM Hospitality Business Tracker, following marginal growth of 0.1% in January in the wake of strong trading over Christmas. Restaurants were the sector’s best-performing segment in February with like-for-like growth of 2.2%, followed by pubs at…
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14 MarchFood and Drink
Hospitality sales rise ‘modest’ 1.4% in February
Top hospitality groups across the country saw modest like-for-like sales growth of 1.4% in February, according to the latest CGA RSM Hospitality Business Tracker. The data has shown a slow start to 2024 within the sector, following marginal growth of 0.1% in January in the wake of strong trading over…
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Feb- 2024 -15 FebruaryPubs and Bars
January Hospitality sales flatline amid consumer spending squeeze
Britain’s leading hospitality groups generated year-on-year like-for-like sales growth of just 0.1% in January, according to data from CGA. This comes after there was like-for-like sales growth of 8.8% in December 2023. Restaurants saw sales growth of 0.9% in January, while pubs’ trading finished 1.5% ahead of the same period…
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Jan- 2024 -19 JanuaryNews
Today’s news in brief – 19/01/24
Restaurants, pubs and bars saw sales rise 8.8% over the latest Christmas period compared with data from 2022, according to the latest CGA RSM Hospitality Business Tracker. The tracker also revealed that like-for-like sales grew 9.6% for pubs in December, while restaurants enjoyed an 8.3% upswing. Meanwhile, bars bounced back…
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