Issue 148
Hospitality Sector’s Resilience Sees Growth in Sales www.CLHNews.co.uk
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CLHNews
Pubs, bars and restaurants have once again recorded a positive sales uplift as consumer card spending grew 9.7 per cent year-on-year in January, higher than in December (4.4 per cent) and slightly above the 9.2 per cent rise in consumer price inflation, as new year sales, and a surge in holiday bookings led to strong performances across hospitality, entertainment, and travel.
in January 2022, which caused a drop in non-essential spending at the time, thereby inflating this year’s figures.
However, growth rates were also increased by the Omicron Plan B restrictions
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Sales across pubs, bars & clubs saw the category’s biggest uplift since May 2022 – while restaurants saw a noticeable improvement compared to December according to data from Barclays.