Sales at leading UK restaurants, pubs, and bars dropped by 1.3% year-on-year in January, according to the CGA RSM Hospitality Business Tracker. Following a robust December, this decline is the lowest since April 2024 and reflects ongoing economic challenges. Contributing factors include reduced consumer spending after Christmas, the impact of Dry January, and extreme weather conditions during the month. Despite an overall drop, pubs performed relatively better than restaurants and bars, signifying shifts in consumer behavior. The report indicates a need for hospitality businesses to adapt to a cautious market amid rising operational costs.
January's figures show a concerning drop in sales for Britain's pub, bar, and restaurant groups, highlighting the challenges they face post-holiday season.
The CGA RSM Tracker indicates a negative trend in consumer dining habits, mainly due to economic pressures and January's Dry celebrations affecting foot traffic.
Despite Dry January, pubs fared better than restaurants and bars, with slight decline in sales illustrating fluctuating consumer preferences amidst economic strain.
CGA's Karl Chessell emphasized that January's downturn is indicative of ongoing consumer hesitance to spend, even following a typically lucrative festive season.
Collection
[
|
...
]