research report
Insolvencies in the hospitality sector hit two-year low
Insolvencies in the hospitality sector hit two-year low
Insolvencies dropped by 24% to 253 in October.
3 days ago
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.
Food-to-go market to return to pre-COVID levels in second half of 2022
QSRs in particular, were credited for being the main driver of growth.
Restaurants, pubs sales down 27% in June YoY, but near 2019 levels
Total sales in restaurants were up by 3% in June.
