Hospitality loses £30bn of sales in the second quarter of 2020
The UK’s hospitality sector saw sales plummet 87% in the second quarter of 2020 – the equivalent to nearly £30bn in lost revenue, the latest UKHospitality Tracker, compiled by CGA, reveals. The collapse in sales followed the widespread lockdown of hospitality venues from mid-March. As a result, sales from April and June totalled just £4.6bn, …
Significant shift in alcohol channels to change bars for years to come, says GlobalData
Data analytics and consulting company GlobalData has released new figures, unveiling the impact of the Covid-19 pandemic on the UK drinks market. As the UK lockdown continues into its fifth week, and both the start and end-dates of the quarantine seem to get further away, the effects on the on-trade is having to be continually …
New hospitality tracker sees first quarter sales drop 21.3%
The UK hospitality sector saw sales decline 21.3% in the first quarter of 2020, as the country moved into Covid-19 lockdown, from the newly launched UKHospitality Quarterly Tracker reveal. Combining data from all sub-segments of hospitality, the comprehensive analysis, undertaken by trade body UKHospitality and insight and data provider CGA, shows the impact of the …
