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.

Hospitality group sales saw a growth of 2.9% in June year-on-year but was slightly lower than May’s rate of 3.6%, according to the CGA RSM Hospitality Business Tracker.

The tracker noted that the figure is still ahead of the current rate as measured by the Consumer Prices Index and is the eight period of growth in the last nine months.
The Tracker—produced by CGA by NIQ in partnership with RSM UK—shows restaurants were the best-performing channel in June, with year-on-year sales growth of 4.7%. Whilst the Euros brought sports fans into pubs for match days involving England and Scotland the damp weather kept people away from beer gardens and terraces, and sales in this channel rose only 2.7% above June 2023. The on-the-go segment achieved 4% growth, but bars were down by 4%.

Trading was notably stronger in London, where the Tracker recorded sales growth of 4.4%, compared to 2.5% outside the M25. The capital has outpaced Britain as a whole for all but one month in 2024.