research report
QSRs show resilience despite a 5% revenue dip
QSRs show resilience despite a 5% revenue dip
The sector remains better positioned than traditional restaurants amidst economic pressures.
3 days ago
Hospitality Groups see sales flatten in February
February saw a 2.5% increase in total sales, including all venues opened in the past year.
Hospitality insolvencies up by 7% in January
Insolvencies in the sector fell by 7% to 3,474 in the 12 months to January.
Analyst warns £3.4b additional business cost in hospitality sector
Industry leaders have warned of the need for operators to raise prices by 6% to 8%.
Hospitality insolvencies drop by 31% MoM in December
Insolvencies in the sector also dropped by 7% YoY to 3,464.
Hospitality insolvencies jump by 29% MoM in November 2024
The monthly increase in insolvencies could be an early warning sign, RSM UK said.
Insolvencies in the hospitality sector hit two-year low
Insolvencies dropped by 24% to 253 in October.
2 in 5 UK diners opt for deals in restaurant bookings
London emerged as the UK’s top hotspot for discount dining.
Hospitality sector to face challenges as consumers cut back dining out this Christmas
Two in five families opt to scale back on eating out this holiday season.
UK hospitality insolvency remains high despite easing in Q3 2024
Monthly hospitality insolvencies have remained consistently over 260 during this year.
Leisure and hospitality sector employment climbs for the first time since last year
Vacancies also continued to decrease.
Nearly two-thirds of businesses increase prioritisation on food waste efforts
However, only 34% of them believe that they are doing a good job in managing food waste in their segment.
Hospitality insolvencies drop 16% MoM in August 2024
It also went down by 29% YoY.
UK’s QSR market to reach $44.01b by 2029
The market is forecasted to grow at a CAGR of 5.25%.
Fast casual restaurant market grows by US$302.5b in 2024 to 2028
It is estimated to increase at a CAGR of 15.2%.
Last hour takeaway cancellations cause restaurants to lose more than $3k yearly
A weekly revenue of £10k may experience a loss from £66 to £133.
Nearly half of global coffee launches in 2020 were sustainable: Mintel
This was close to double from 2012.
