Issue 149
Hospitality’s Fourth Successive Month of “Year-on-Year Growth” www.CLHNews.co.uk
Britain’s pub, bar and restaurant groups achieved like-for-like sales growth of 10.9% in January 2023, the new edition of the Coffer CGA Business Tracker reveals. The Tracker—produced by CGA by NielsenIQ in partnership with TheCoffer Group and RSM UK—has now recorded year-on-year growth (14.7%) for four months in a row. January’s figure is also marginally ahead of the current 10.1%
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rate of inflation, as measured by the Consumer Prices Index. However, trading in January benefited from comparisons with early 2022, when some consumers stayed at home amid concerns about the Omicron variant of COVID. High inflation means sales continue to lag pre-pandemic levels in real terms.
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