UKHospitality, the leading trade body for the UK’s hospitality sector, has launched a new Supplier Alliance to push for Government support to help hospitality supplier businesses. Read more.
Latest figures from the CGA AlixPartners Market Recovery Monitor show that at the end of March this year, the pre-lockdown number of licensed premises in Britain stood at 115,108, a 2.4% reduction on March 2019. Read what our now monthly report finds.
New edition of exclusive monthly report highlights widespread and potentially long-lasting impacts of the COVID-19 pandemic on the foodservice sector. The CGA Prestige Foodservice Price Index recorded deflation for the first time in its history in March 2020—but the COVID-19 pandemic is set to create significant instability in pricing in the months ahead.
Sales across restaurants and bars in the US grew by 25% week-on-week between May 9 and May 16 as a number of major states reopened for business. Latest data from Nielsen CGA* show that while national sales are still 54% down on pre-COVID levels, the opening up of the out of home market in states such as Texas, Florida and Georgia has provided a fillip for the industry. When lockdown first hit, overall sales fell by 80%.
UKHospitality have launched #Fair4Hospitality, which asks for support from our governments in four primary areas so hospitality can play a leading role in Britain’s recovery. Read more.
Experience used to be everything. Going out at the weekend was all about finding something new and different – somewhere that would impress your mates. But, no longer it seems. When Britain’s pubs and restaurants start to reopen in July, consumers say they’ll be looking for something more sedate – and safe. Familiarity, reliability and trust will be the watchwords, says Peter Martin.
People are cautious about going back to pubs and restaurants, and some are far more worried than others. New research from CGA has highlighted the groups that will need the most reassuring – and the occasions that are likely to tempt them most.Even the most avid fans of eating and drinking out pre-COVID remain apprehensive about returning, latest CGA BrandTrack data shows. Only 29% of those who usually eat out multiple times a week say they would be comfortable going out again as soon as Government restrictions are lifted, compared to 22% for the adult population as a whole.
Hard seltzers are the new drink category starting to dominate supermarket and liquor store shelves in the US. High-profile Super Bowl advertising and social media moments have pictured them as the beverage of choice at home, by the pool or at the beach. With US off-premise sales having hit $1.55bn, on the back of a 213% annual growth rate, hard seltzers are now successfully hitting the American bar and restaurant market too – and if that continues can a mass move across the Atlantic to these shores be far behind?
CGA has undertaken research from the epicentre of the COVID-19 crisis, speaking to 2,000 consumers from China’s most developed bar and restaurant markets, alongside Wuhan itself, to understand how consumers have reacted to the opening of eating and drinking out establishments. It paints a picture of polarised consumer attitudes.
The British public remains cautious about going back into pubs and restaurants, unless the industry introduces a range of precautions.CGA’s latest BrandTrack survey of over 5,000 consumers reveals that fewer than a quarter of adults would be comfortable going out to eat and drink again as soon as Government restrictions were lifted, ranging from just 20% happy to go into a bar to 23% entering a restaurant.
CGA will be speaking at a number of upcoming webinars and virtual events, here is the latest round up.
There is a well-worn business saying that in times of crisis, there are only really three options: get big, get niche or get out. Latest opinion piece from Peter Martin.
The latest CGA Business Confidence Survey reveals that operators remain deeply pessimistic about both market prospects and the future of their own businesses, with a third (32%) of senior executives anticipating the need to permanently close pub, bar and restaurant sites.
Most businesses across Britain’s eating and drinking-out market are now actively engaged in planning for life after lockdown – although the majority of bosses are not expecting to reopen until June or July, if allowed, and then taking a phased approach. The poll of over 120 senior executives and entrepreneurs was conducted by CGA, in association with hospitality technology specialist Fourth, during the week beginning April 20.
As the country enters yet another week of lockdown, what is the mood amongst the leaders of Britain’s pub, restaurant, bar and café companies? How widespread are concerns about furloughed staff, Government payments, loans and rent? And what else is on the minds of operators? Is it too early to start planning for a post-lockdown return to business? How many are already mapping out options? What does the new normal look like for our industry? These are some of the vital questions that we asked recently in our CGA Business Confidence survey, run in conjunction with hospitality technology specialist Fourth. Attend our webinar next Wednesday, May 6 from 2-3:00 PM to hear the findings firsthand.
Most property owners were favouring deals that would see high street rents deferred, the online audience for Davis Coffer Lyons’ virtual conference, The Future of the F+B Property Sector, heard this week. Missed the webinar? We’ve included a link to the recording.
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