Issue 145
Hospitality Toasts Best December in Three Years… www.CLHNews.co.uk
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...but real term sales lag pre-COVID
Britain’s pub, bar and restaurant groups enjoyed their best December trading in three years, the new Coffer CGA Business Tracker reveals, but sales remain well below pre-COVID levels in real terms. The country enjoyed the opportunity to meet with family friends and colleagues over the festive season for the first time since Covid, boosting Christmas sales despite face of the cost of living crisis.
The Tracker—produced by CGA by NielsenIQ in partnership with The Coffer Group and RSM UK—shows like-for-like December sales were 15.0% ahead of December 2021, when festive trading was hit by concerns about the Omicron variant of COVID. However, sales were only 2.0% ahead of December 2019, and after adjustments for double-digit inflation, they are significantly behind.
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