Hospitality Data Insights (HDI)’s Post

Demand-driven pricing is something that hotels and airlines have been doing for years, flexing the price that customers pay depending on how much customer demand exists at a given time ✈️🏨. However, it’s not something that has been commonplace in the world of Pubs & Bars 🍻. Hospitality Data Insights (HDI) delved into pricing during the England vs. Denmark game ⚽, to understand the extent to which operators have been flexing their prices. Our analysis found that “surge pricing” occurred in around 300 venues (out of c.5k Managed Pubs & Bars), with the average price per pint increasing by 30p or more in 83% of the sites 📈, and by 60p or more in 11% of sites 💸. Surge pricing has proved to be a controversial topic in the world of Pubs & Bars, but it’s something which arguably makes sound commercial sense. Through a data-led approach, we can help clients identify the price sensitivity of individual sites, enabling them to make better-informed decisions on their pricing strategies 📊. Feel free to get in touch if you’d like to find out more about how we can potentially help your business: [email protected] 📧 #HospitalityData #UKHospitality #PricingStrategy Ben Wooler Robert Thursfield Darroch Bagshaw

The latest CGA RSM Hospitality Business Tracker reveals, Britain’s leading hospitality groups generated year-on-year like-for-like sales growth of just 0.1% in January.   Saxon Moseley, Leisure and Hospitality Partner at RSM UK, said: “Given the impact of successive storms Henk, Isha and Jocelyn that left many Brits sheltering at home in January alongside acute competition for scarce discretionary spending, these results demonstrate the appetite of consumers who continue to favour experiences over “things”. With ongoing cost pressures having already accounted for some recent high-profile restaurant closures, operators will be hoping that the continued fall in inflation, the prospect of interest rate cuts in the Spring and the Six Nations rugby will tempt consumers to venture out and support their local establishments.”   #hospitality #RSMinsights Paul Newman https://lnkd.in/erEGqPU6

So the predictions were right. It really was a happy Christmas period for hospitality - that is at least for multi-site operators. As this latest data from the CGA RSM Hospitality Business Tracker (aka the Peach Tracker) shows, December saw collective like-for-like sales across managed pub, restaurant and bar groups up 8.8% on the same month in 2022 - with, I understand, the week between Christmas Eve and New Year seeing double digit growth. And to put that into context, Christmas 2022 wasn’t that bad either, showing the first steps of a post-Covid recovery with like-for-likes 2% up on pre-pandemic 2019. The 2023 festive period marked the end of what has actually been a positive year for group operators - at least when it comes to the top line. Looking at the 12 months of 2023 as a whole, like-for-like sales across the Tracker cohort of almost 100 companies were 6.9% ahead of the 12 months of 2022. So, multiples look well placed for 2024, as recent trading statements from the likes of Mitchells & Butlers PLC, BOXPARK and Young's Pubs underline. These results show that people with the cash are willing to spend it on the right occasions, and with retail sales still struggling, that’s more likely to be on ‘experiences’ rather than ‘things’. In this uneven hospitality market, those with the financial resources to mitigate against an increased cost-base and to invest in their businesses look like the winners. Thoughts? #christmas #trading CGA by NIQ@

There's been some positive news for the hospitality sector, as the latest CGA RSM Hospitality Business Tracker reported that the top groups in Britain generated year-on-year sales growth of 8.8% in December! December’s figure is a sharp increase from 4.0% in November, and more than double the current rate of inflation in the UK. A result of the COVID pandemic and the ongoing cost-of-living crisis, the sector has seen unprecedented challenges in recent years. But is this the first step towards continuous growth? To learn more, visit, https://lnkd.in/e3npbrE5. #HospitalityNews #FoodAndBeverage #Hospitality

What will make the most difference to my business in the months ahead? Hospitality owners ask the team at Lynx Purchasing this question every new year. The first quarter is always a tough challenge for hospitality and with costs unpredictable and continuing to rise, 2024 is no different. With many of the issues squeezing margins set to continue for the rest of year, getting your house in order now and taking control of your costs will help you maximise profits where and when you can in 2024. To help we’ve updated our guide to Surviving Winter. Inside there’s lots of practical tips and advice on how to push back against rising costs and maintain margins. Download it for free here - or give the team at Lynx Purchasing a call. For advice and support, contact us on 01325 710143 or email us on [email protected] We’ll help you find ways to save time - and money. #hospitalityindustry #hospitalitynews #UKhospitality #hospitalityexperts #hospitalitysector #hospitalitypurchasing #purchasingexperts https://lnkd.in/ejjcdJyN

📈 Exciting news for Britain's hospitality industry! The latest CGA RSM Hospitality Business Tracker report reveals a fantastic 5.2% surge in sales for the country's top hospitality groups throughout March 2024. After a slower start to the year, this growth is a welcome boost for the sector. An early Easter and holidays in March played a big role in this upswing. Pubs saw a whopping 7.2% increase in like-for-like sales, while restaurants enjoyed a steady growth of 3.4%. Karl Chessell, a director at CGA by NIQ, expressed his optimism about the rising consumer enthusiasm for celebrating holidays and special occasions in hospitality venues, despite economic challenges. With decreasing inflation rates and falling energy prices, consumers are feeling more positive, which could lead to more dining out, pub visits, and bar outings throughout 2024. This positive trend is a great sign for the recovery and expansion of the hospitality sector. Read the full CGA RSM Hospitality Business Tracker report here: https://lnkd.in/eYi8FTBH #InventoryManagement #BusinessSuccess #StocktakingTips #UKHospitality #HospitalityIndustry

Britain's top hospitality groups achieved modest like-for-like sales growth of 1.4% in February, per CGA RSM Hospitality Business Tracker. Restaurants led with 2.2% growth, pubs followed at 2.1%, while bars dipped by 7.4%. London venues outperformed, with a 1.9% increase within the M25. Karl Chessell of CGA notes cautious consumer spending due to uncertainties but hopes for improvement as economic conditions potentially ease. Read more here: https://lnkd.in/eSxy5WWE Follow Retail Savvy: https://lnkd.in/etXuWN48 #HospitalityIndustry #BusinessGrowth #hospitalityinsights #hospitality #RetailSavvy #SavvyInsights

𝗛𝗼𝘀𝗽𝗶𝘁𝗮𝗹𝗶𝘁𝘆 𝘀𝗮𝗹𝗲𝘀 𝗴𝗿𝗲𝘄 𝟲.𝟵% 𝘆𝗲𝗮𝗿-𝗼𝗻-𝘆𝗲𝗮𝗿 during the 12 weeks ending 2 January 2024. The best performing sectors were Fastfood & Takeaway and Coffee & Sandwich, which have consistently been amongst the best performers over the last year. Encouragingly, 𝗣𝘂𝗯𝘀 & 𝗕𝗮𝗿𝘀 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿 𝗥𝗲𝘀𝘁𝗮𝘂𝗿𝗮𝗻𝘁𝘀 𝗮𝗿𝗲 𝘀𝗲𝗲𝗶𝗻𝗴 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲𝘀 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗮 𝘀𝘁𝗿𝗼𝗻𝗴 𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗽𝗲𝗿𝗶𝗼𝗱, reflecting the desire of consumers to enjoy social occasions with family and friends, something which the hospitality sector is so geared up for. Casual Dining is the only sector over the last 12 weeks to see its sales decline, with the challenges of many operators in this space being well publicised. It’s worth recognising though that there are winners and losers right across the market; something which we’re able to see when delving into the detail of the performance of individual chains and/or site level performance. 🏆📉📊🔍 Our card spending data tracks the spend of 10.2 million people across 180,000 individually identifiable hospitality venues, enabling us to accurately track the UK hospitality market overall and provide unique insights all the way down to individual site level. 📊🏨 Please get in touch if you’d like to find out more: [email protected] 📧 #HospitalityData #hospitalitytrends #ukhospitality 

MasterChef winner announces latest high-profile restaurant closure. If you are in the sector and struggling with costs, then cutting your banking and merchant services fees could be the answer. 👏 Chef Simon Wood has announced the closure of his Manchester restaurant, Wood. The MasterChef 2015 winner wrote in a post on X that he "regretted" having to close down the restaurant with "immediate effect" due to mounting costs. "We have had seven years as part of the Manchester city dining scene and I'm very proud of what the team and I have achieved," he said in a post on X. "Sadly, with COVID rent arrears now being demanded by our landlord and an increasingly difficult marketplace, energy increases, ingredient costs, and soon-to-be spiralling business rates, we just cannot make this work." https://lnkd.in/dRb3wP6S However, help is at hand ✨️ BB Merchant Services has worked with lots of hospitality businesses around the world. Neil Fillbrook, Scott Conti, Vincent Schreinemacher, Rutger van Overbeek, Daisy F., Daniel Fletcher In the article below hear from Heads of Finance and others from well-known hospitality brands regarding how they have saved money. Tudor Humphreys 🌈 A straightforward process to go through. 🌈 Average savings over 23% 🌈 9 out of 10 businesses don't need to switch provider to save money. https://lnkd.in/dyRSR-5i If you are in hospitity and want to save costs DM me for more details, and check out the brands below. #business #businessintelligence #money #hospitality 👇👇

Looking to break into the airport retail market? Partnering with Legacy Consulting Group LLC is the solution you've been searching for. As an ACDBE and HUB certified small business, we offer a unique advantage, especially for those eyeing airport concessions. While the Airport Quick Service Restaurants Market is booming, with an estimated size of USD 582.06 billion by 2029 (according to a study by Mordor Intelligence), we specialize in the retail side of things. Let us handle and maximize your retail potential while you focus on the food and beverage aspect. With our expertise, you can capitalize on emerging trends like the "bring your own food" (BYOF) concept, catering to the growing demand from economy class passengers. Experience the benefits of working with a retail partner that lets you focus on what you're best at, while we handle the rest 😁 Partner with us for all your duty-free and travel retail needs and to reshape the future of airport retail! Email [email protected] to get started. Source: https://lnkd.in/eP44v4AY . . #LegacyConsultingGroup #AirportConcessions #ACDBE #HUBCertified #Innovation #TrustworthyPartnerships #Inclusivity #EmotionalIntelligence #UnlockOpportunities