Consumer card spending grew 5.4 % year-on-year in June – less than the latest CPIH inflation rate of 7.9 %, yet noticeably higher than in May (3.6 %) – as the warm weather encouraged Brits to shop for summer clothes and socialise at pubs and bars. However, supermarket shoppers remain concerned about “shrinkflation”, while restaurants saw […]
The Pub People Group (“Pub People” or the “Group”), led by Andrew Crawford and backed by investment manager Downing LLP (“Downing”), has accelerated its expansion plans by making several freehold acquisitions, accelerating investment into the existing business, and bolstering the Group’s management team and the board. In September 2022, Downing became the majority shareholder in […]
New American Express research has revealed continued consumer support for small restaurants and other independent hospitality venues, and a strong appetite to enjoy new dining experiences across the summer. The survey asked 2,000 UK consumers to reflect on their visits to independent restaurants, bistros and cafes over the last 12 months, and found that the […]
The UK hotels sector benefitted from a starker increase in room rates than usual in May as the hat-trick of bank holidays helped to boost demand, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average daily rates (ADR) of occupied rooms increased […]
UK food and drink manufacturers’ costs fell for the first time in more than seven years in May, according to the Lloyds Bank UK Sector Tracker, providing reason for optimism around future UK food price inflation. In May, the sector posted 49.4 on the Tracker’s measure of input costs – the first month it has […]
New research from Barclaycard Payments, a leading UK payments provider, demonstrates the growing importance of social media to the restaurant industry, as it’s revealed that four in 10 of those polled (41 %) believe an active presence on these platforms is now the single best way to judge if a restaurant is worth visiting1. This […]
Room rates of UK and London hotels saw more of a marked increase in April than in previous years, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average daily rates (ADR) of occupied rooms increased from £135.69 (March) to £142.73 (April). The […]
Desite the wet weather in March, hotel operators continued to outperform the wider hospitality sector as operators were able to charge the same room rates as peak season prices in 2018, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average daily rates […]
The UK’s largest independent invoice financier, Bibby Financial Services (BFS), has struck a deal with North Brewing Company Ltd for a £375,000 confidential invoicing discounting (CID) package, to support the business’s cashflow and enable the founders to focus on future growth. The Leeds-based business started its life as North Bar on New Briggate high […]
The performance of the UK hotels sector is better than expected in February and outperforms the rest of the hospitality sector, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average daily rates (ADR) of occupied rooms increased from £121.74 (January) to £128.94 […]
