In February, Britain's top restaurant, pub, and bar groups experienced a meager 0.1% increase in like-for-like sales according to the CGA RSM Hospitality Business Tracker. This indicates ongoing consumer hesitance regarding discretionary spending despite a total sales growth of 2.5%, aided by new venues. Conversely, pubs led with a 1.7% sales boost, linked to the Six Nations rugby, while restaurants and bars reported declines. The hospitality sector faces tight margins due to inflationary costs, particularly National Insurance hikes, complicating recovery prospects for 2025. London had a particularly difficult month, with sales declining 1.2%.
Britain's leading restaurant, pub and bar groups experienced only 0.1% like-for-like sales growth in February, indicating consumers are cautious with their discretionary spending.
With key costs remaining inflationary, including upcoming rises in National Insurance contributions, margins in the hospitality sector are under extreme pressure.
Pubs outperformed other hospitality channels with a 1.7% increase in like-for-like sales in February, partially driven by the Six Nations rugby tournament.
Sales growth remains very fragile for the hospitality sector, as evidenced by a year-on-year decrease of 1.3% in January and trouble in London areas.
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