Britain’s hospitality sector has recorded its first quarter-on-quarter growth in outlets in two years, the new Hospitality Market Monitor from CGA by NIQ and AlixPartners reveals.
Closures in Britain’s hospitality sector slowed from eight sites a day in 2023 to four a day in the first quarter of 2024, the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners reveals.
Britain’s number of licensed premises dropped by 0.8% in the fourth quarter of 2023, the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners reveals.
Britain’s number of licensed premises has fallen by 3.6% over the last 12 months to 99,916 sites, according to the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners.
COVID and changing consumer habits have led to a sharp drop in Britain’s nightclubs as consumers’ high tempo habits diversify and shift towards a broader range of outlet types and periods of the day.
In the latest 12 months, Britain has lost around one in 18 of its licensed premises – that’s 5,736 pubs, restaurants, bars and cafes – the new Hospitality Market Monitor from CGA by NIQ and AlixPartners reveals.
Central London’s hospitality sector is recovering after suffering hundreds of closures of licensed premises during the turmoil of COVID-19, according to the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners.
Britain has suffered a net decline of 4,593 licensed premises in the last year to March 2023, the new Hospitality Market Monitor from CGA by NIQ and AlixPartners shows—but the resilience of managed groups means the rate of closures has slowed in the last quarter.
Unprecedented inflation in energy bills and other costs led to a net decline of 1,611 licensed premises in the fourth quarter of 2022, the new Hospitality Market Monitor from AlixPartners and CGA by NielsenIQ reveals.
Britain’s licensed sector – the universe of pubs, bars restaurants, cafes and hotels – saw a net decline of one closure every hour in the third quarter of 2022, the latest Hospitality Market Monitor from CGA and AlixPartners reveals.
Britain’s licensed sector has stabilised in the second quarter of 2022, the latest Market Recovery Monitor from CGA by NielsenIQ and AlixPartners reveals.
The City of London (the capital’s Square Mile district) has seen a net decline of one in seven (14%) licensed premises since March 2020, the new Market Recovery Monitor from CGA by NielsenIQ and AlixPartners reveals.
Britain’s number of licensed premises contracted in the first quarter of 2022, the latest Market Recovery Monitor from CGA and AlixPartners reveals.
Britain’s hospitality sector grew modestly in the last quarter of 2021, the new Market Recovery Monitor from CGA and AlixPartners reveals—but tough trading conditions now threaten to halt the sector’s upturn.
Britain’s number of licensed premises fell by nearly a thousand between July, when the market fully reopened, and September 2021, the new Market Recovery Monitor from CGA and AlixPartners reveals.
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