Weekly takings at pubs and restaurants down 40%

As pubs, bars and restaurants in England reopen, the latest data suggests that like-for-like sales are down 39.8% on the same period last year, but there is some positive news.

According to the latest data from Coffer Peach Business Tracker, sales in the week commencing 6 July were down 39.3% in pubs, 42.9% in bars and 40% in restaurants, compared to the same week in 2019.

However, there was some positive news. Data showed that more sites opened up during the week, compared to the first weekend on which hospitality was allowed to reopen in England (4-5 July). Comparatively, full-week sales were also stronger than those achieved over the first weekend, when like-for-like sales were 44.5% below last year’s figure.

The statistics showed that a far greater number of pubs reopened straight away than restaurants or bars.

CGA’s industry barometer revealed that 70% of managed pubs and pub restaurants reopened, compared to just 17% of restaurants and 42% of bars.

This was based on CGA collecting sales data from 44 major pub, restaurant and bar operators. A further 11 companies told the analyst that they had not opened any sites.

Karl Chessell, director of CGA, said the sales performance achieved in English hospitality was actually superior to many other global markets.

“Trading at almost 60% of pre-Covid norms is actually a better performance than many other markets internationally, such as the US, experienced on reopening. The sector still has a long way to go, but this sets the benchmark against which the speed of recovery will be judged,” Chessell said.

CGA supervises the Coffer Peach Business Tracker, in partnership with The Coffer Group and RSM.

Chessell added: “Operators told us that most would be taking a phased approach to reopening and we have seen this in the figures. The 70% of managed pubs in the first full week compares to just 42% over the first weekend, and although restaurants have been taking an even more cautious approach we know more will be open next week.”

It follows a statement last week by UK Chancellor Rishi Sunak announced the temporary reduction of VAT on hospitality from 20% to 5%. Sunak also unveiled the introduction a ‘Eat Out Help Out’ discount scheme for the month of August. The VAT reduction will apply to food bought in restaurants and for takeaway from 15 July 2020 to 12 January 2021. The discount scheme will offer 50% off meals in sit-down venues (up to a value of £10 per head) from Monday to Wednesday throughout August.

Read more:

RESTAURANTS CHALLENGE ‘NO-SHOWS’ AFTER REOPENING

BAR DOURO: COVID WILL PRESENT OPPORTUNITIES FOR FOOD AND DRINK

Leave your reply

Most Recent Stories

DeAille Tam named Asia's Best Female Chef 2021

DeAille Tam, executive chef and co-founder of Obscura in Shanghai, has been named as Asia’s Best Female Chef 2021.

Beer duty may be cut in pubs to lure back drinkers

Beer duty could be cut in pubs and raised in supermarkets to encourage people to go out when lockdown ends and help the hospitality industry get back on its feet.

The true cost of keeping a pub shut for the next seven weeks

Though Boris Johnson's oft-touted 'roadmap' out of lockdown has at least provided businesses with an idea of when they might be able to reopen, pubs still face weeks of closure and uncertainty.

Public called to take action to save pubs across the UK

National charity the Plunkett Foundation has launched a UK-wide public appeal to help save pubs through community ownership before it's too late

15% of Hong Kong bars have closed due to the pandemic

Some 210 bars in Hong Kong have closed in the last six months due to the pandemic, accounting for 15% of the entire industry.

Most Recent Stories

DeAille Tam named Asia's Best Female Chef 2021

DeAille Tam, executive chef and co-founder of Obscura in Shanghai, has been named as Asia’s Best Female Chef 2021.

Beer duty may be cut in pubs to lure back drinkers

Beer duty could be cut in pubs and raised in supermarkets to encourage people to go out when lockdown ends and help the hospitality industry get back on its feet.

The true cost of keeping a pub shut for the next seven weeks

Though Boris Johnson's oft-touted 'roadmap' out of lockdown has at least provided businesses with an idea of when they might be able to reopen, pubs still face weeks of closure and uncertainty.

Public called to take action to save pubs across the UK

National charity the Plunkett Foundation has launched a UK-wide public appeal to help save pubs through community ownership before it's too late

15% of Hong Kong bars have closed due to the pandemic

Some 210 bars in Hong Kong have closed in the last six months due to the pandemic, accounting for 15% of the entire industry.