Published quarterly in partnership with international finance-sector advisors AlixPartners, Market Growth Monitor is the product of the exhaustive research data gathered by our own Outlet Index.
Nearly 12,000 licensed premises have closed in Britain since December 2019, the new edition of the Market Recovery Monitor from CGA and AlixPartners reveals—an average of around 30 a day and the highest rate on record.
The figures indicate the full toll of COVID-19 and lockdowns on hospitality. While 4,170 new sites have been recorded since December 2019, the loss of 11,894 venues means there have been nearly three closures for every fresh opening—leading to a net loss of 7,724 licensed premises.
The number of permanent closures is expected to rise sharply, as the effects of trading restrictions—including a catastrophic drop in trade over the key month of December—take their toll.
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