CGA by NIQ
CGA by NIQ provides definitive On Premise consumer intelligence that reveals new pathways to growth for the world’s most successful food and drink brands. With more than 30 years of best-in-class research, data, and analytics, CGA by NIQ provides the Full View(TM).
CGA by NIQ works with food and beverage suppliers, consumer brand owners, wholesalers, government entities, pubs, bars, and restaurants to protect and shape the future of the On Premise experience. Using the most complete and clear understanding of measurement and insights, CGA by NIQ provides a competitive edge to guide winning strategies for On Premise businesses.
Hospitality groups report 1.3% growth in August
Dreary weather and underwhelming consumer confidence were cited as the reason.
1 in 2 feel hospitality leaders feel confident about their business prospects
However, this was a 4% drop from May’s figure of 53%
Britain’s hospitality sector records first outlet growths in two years
There were 462 net new openings between March and June.
Price fluctuations should remind operators that the market remains volatile—analyst
Inflation in June 2024 stood at 3.6%.
Hospitality group sales growth slightly dips in May
But it is still ahead of the current rate of inflation as measured by the Consumer Prices Index.
Delivery sales grew 11.3% in May as weather keep consumers from going out
At-home sales have grown for 12 consecutive months
Hospitality groups back on the growth track after slipping in April
The latest tracker by CGA by NIQ reveals a growth of 3.6% in May.
Top hospitality group sales slip 1.7% over wet weather
It is the first year-on-year drop in monthly sales since September 2022.
Hospitality closure rates slow amidst easing of cost pressures
One in 40 licensed premises have shut down in the last 12 months
At-home grows but remained flat in March
This is seen as a sign of more consumers eating out.
Food price inflation in hospitality continues falls but still higher than retail sector
Food price inflation in hospitality is 2.4 times higher than in retail.
Foodservice inflation a positive sign for operators: analyst
However, prices are still rising compared to 2023.
Soaring costs dents hospitality business confidence in Britain
3 in 5 business leaders don’t feel confident about the hospitality market.
Delivery, takeaway sales growth slows
Year-on-year increases have not exceeded the current inflation rate.
Hospitality sales flat in January as consumer spending is squeezed
Restaurants only saw 0.9% growth in January.
Mixed outlook for hospitality as 800 restaurants closed in Q4 2023
The pub sector was hit harder than most.
Commentary
People want experiences – but not at the cost of food & beverage