Britain's top hospitality groups observed a year-on-year growth of 1.5% in July 2024, influenced by the Euro 2024 games which boosted pub performance significantly.
The pub sector reported a remarkable like-for-like growth of 4.9%, with areas within the M25 achieving even higher growth rates of 9.9% during the football tournament.
Karl Chessell highlighted that despite ongoing cost-of-living pressures, consumers continue to visit hospitality venues, indicating resilience in spending, particularly in the pub sector.
Saxon Moseley noted the mixed outcomes for the hospitality sector with restaurants and bars facing declines due to reduced demand, showcasing the uneven recovery in this market.
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