The latest Q3 2022 sales data shows the sector’s sales are 13% below where they should be in real terms to keep up with inflation.
The CGA Prestige Foodservice Price Index continued its strong upward trend during November 2022 to reach record inflation of 21.5%. It marks a tenth consecutive month of double-digit inflation, and the first time in the history of the Index that inflation has exceeded 20%.
Christmas has traditionally been the year’s most profitable season for On Premise venues across Britain. This year, COVID-related fears and restrictions will hopefully no longer affect consumer behaviour, yet new challenges mean that operators and brands have to once again readjust their strategies to capitalise on the festive period’s revenue potential. CGA by NielsenIQ’s Client Director GB Drinks, Paul Bolton, looks at how the British On Premise can address the challenges, highlighting which category trends operators and suppliers should pay attention to ahead of the Christmas season.
The World Cup helped to lift last week’s On Premise drinks sales well above the same week in 2021—but trading has dipped below the marker of 2019, the last Christmas without COVID issues.
England’s World Cup quarter-final gave pubs and bars another welcome boost to sales, with stout, lager and cider among the biggest category winners.
With the festive period upon us and the ongoing World Cup boosting out of home imbibing, the coming weeks represent an unmissable revenue opportunity for Britain’s On Premise. While COVID-19 disruptions might well be over however, new challenges – including the cost of living crisis – are affecting consumer behaviour, so venues and suppliers need reliable market insights to unlock the potential. CGA Client Director Paul Bolton looks at how CGA’s new Mixed Drinks Report can help stay ahead of the festive game by capitalising on the flourishing cocktail market.
CGA by NielsenIQ’s latest consumer research reveals that bars and restaurants are essential for driving awareness and trial of drinks brands, with 61% of consumers more likely to look for new brands in the On Premise as opposed in in stores and 54% stating they’ve made an in-store purchase of a brand that they first tried in the On Premise.
The latest consumer research from CGA by NielsenIQ reveals that over two-thirds of Kiwi consumers plan to visit pubs, bars, and restaurants to celebrate the holidays – with over a third yet to book or pre-plan their visit.
CGA by NielsenIQ’s new On Premise Consumer Pulse Report highlights that the majority of Australian consumers will visit a hospitality venue over December, with huge opportunities for operators to influence the choice of venue, with a quarter of these consumers yet to plan or book their visits.
Managed restaurant groups’ delivery and takeaway sales continue to plateau after hitting record highs during COVID-19 lockdowns, CGA by NielsenIQ’s latest Hospitality at Home Tracker shows.
CGA by NielsenIQ’s latest consumer research highlights that 80% of consumers in Mexico plan to visit the On Premise over the Christmas period, with restaurants the top venue for visitation over the holidays.
Según las investigaciones más recientes de CGA by NielsenIQ, el 80 % de los consumidores en México tiene previsto visitar locales durante la época navideña y los restaurantes serán los establecimientos más visitados durante las fiestas.
New data from UKHospitality, in partnership with CGA by NielsenIQ, in its latest Future Shock report also shows the toll labour shortages have taken on business confidence, with 60% of business leaders no longer confident about recruitment.
Like-for-like sales at Britain’s leading managed pub, bar and restaurant groups in November were up by 3.7% from the same month in 2021, according to the new Coffer CGA Business Tracker.
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