Business Today’s Post

Shout Out To Fine Food Australia and Exhibitors There is no doubt that the vast hospitality industry has faced tough and trying times over the past five years. Global expos and events have seen a decline, both in the number and quality of exhibitors and attendees. Many scheduled events were cancelled globally during these unfortunate times. The industries connected to hospitality—such as leisure, travel, and tourism—have also experienced rapid market decline, leading to the demise of many small boutique businesses. However, optimism is returning to the world of hospitality as people are now traveling more than ever, providing a much-needed boost to the leisure and hospitality sectors. The directors of HospitalityChain.Com and LeisureChain.Com attended Fine Food Australia in Melbourne this week, anticipating lower numbers of exhibitors and attendees. Instead, they were pleasantly surprised. The expo was well-promoted and delivered a fantastic experience for both exhibitors and attendees. Numerous exhibitors expressed their enthusiasm about the significant number of industry professionals attending, many of whom were actively searching for and connecting with new and unique products and services. One standout observation was the rapid innovation in the latest hospitality equipment, applications, and services. Particularly satisfying was witnessing the rise of new startups in the food service supply chain, along with small boutique artisan producers of fine foods and beverages. The passion for handcrafted, non-commercial, artisanal products was alive and well, with many of these producers back in action and smiling.

Our effort is to present the right data about the size, potential of the sector to the Govt. Mr. Pradeep Shetty https://lnkd.in/d-GQQ8iE #HospitalityLeadership #IndustryAdvocacy #SustainabilityInHospitality #HospitalityBiz #FutureOfHospitality #TourismGrowth #HRAWI #FHRAI #hospitalityindustry #hotelassociation #travelandtourism #hospitalityleaders #hoteliers #hospitalityevents #hospitalitynews #hotelmarketing #hotrelcareers #hoteltrends #restaurantnews

Shout Out To Fine Food Australia and Exhibitors There is no doubt that the vast hospitality industry has faced tough and trying times over the past five years. Global expos and events have seen a decline, both in the number and quality of exhibitors and attendees. Many scheduled events were cancelled globally during these unfortunate times. The industries connected to hospitality—such as leisure, travel, and tourism—have also experienced rapid market decline, leading to the demise of many small boutique businesses. However, optimism is returning to the world of hospitality as people are now traveling more than ever, providing a much-needed boost to the leisure and hospitality sectors. The directors of HospitalityChain.Com and LeisureChain.Com attended Fine Food Australia in Melbourne this week, anticipating lower numbers of exhibitors and attendees. Instead, they were pleasantly surprised. The expo was well-promoted and delivered a fantastic experience for both exhibitors and attendees. Numerous exhibitors expressed their enthusiasm about the significant number of industry professionals attending, many of whom were actively searching for and connecting with new and unique products and services. One standout observation was the rapid innovation in the latest hospitality equipment, applications, and services. Particularly satisfying was witnessing the rise of new startups in the food service supply chain, along with small boutique artisan producers of fine foods and beverages. The passion for handcrafted, non-commercial, artisanal products was alive and well, with many of these producers back in action and smiling.

Hello all, Got a chance to write a small article couple of days back for Hospisource on HoReCa trends in Asian Market. Share your expert views and inputs in the comments please. Happy Reading! Hospitality Regards! Upendra Kulkarni #hospitality #horeca #hotelconsulting #hcsgc #hcsglobalcorp #hotelierslife #hospitalitybeyondborders

Britain’s hospitality sector has recorded its first quarter-on-quarter growth in outlets in two years, the new Hospitality Market Monitor from AlixPartners and CGA by NIQ reveals. Read the full Hospitality Market Monitor > https://lnkd.in/efr3ETRd

Weather Cools Euros Effect As Hospitality Groups Score 2.9% Sales Growth In June Britain’s top hospitality groups recorded year-on-year sales growth of 2.9% in June 2024, the latest CGA RSM Hospitality Business Tracker reveals. The figure is down slightly from May’s rate of 3.6%, but ahead of the current rate of inflation, as measured by the Consumer Prices Index, and is the eighth period of growth in the last nine months. The Tracker—produced by CGA by NIQ in partnership with RSM UK—shows restaurants were the best-performing channel in June, with year-on-year sales growth of 4.7%. While the Euros brought sports fans into pubs for matchdays involving England and Scotland the damp weather kept people away from beer gardens and terraces, and sales in this channel rose only 2.7% above June 2023. The on-the-go segment achieved 4.0% growth, but bars were down by 4.0%. Trading was notably stronger in London, where the Tracker recorded sales growth of 4.4%, compared to 2.5% outside the M25. The capital has outpaced Britain as a whole for all but one month in 2024. Karl Chessell, director – hospitality operators and food, EMEA at CGA by NIQ, said: “June’s solid if unspectacular growth capped a decent first half of the year for Britain’s hospitality groups. The weather has been far from ideal for pubs and drinks suppliers, but England’s progress in the Euros has been a very welcome lift for venues screening games.” “A good month for restaurants shows consumers remain eager to eat out, and we can be optimistic that people will loosen their spending as some cost pressures ease. Nevertheless, with the Tracker hovering only just above inflation, groups will have to work hard to achieve meaningful sales growth in the second half of 2024.” Saxon Moseley, head of leisure and hospitality at RSM UK, said: “Pub operators will be disappointed with the modest increase in sales generated by the early stages of the Euros. However, a second month of inflation beating growth for restaurants offers further evidence, and hope, that consumer purse strings are loosening against a backdrop of real wage increases and anticipated interest rate cuts.” “ There was positive news for the industry in the King’s Speech around the apprenticeship levy amendments and nighttime safety, but significant headwinds remain with confirmation of zero hours contracts reform and proposed increases to the national minimum wage. Combined with a lack of clarity around business rates, operators will be looking for further certainty from the new government in the second half of the year.” Read More:

Hospitality Groups Beat Mixed Weather And Inflation With 3.6% Growth Britain’s leading hospitality groups achieved year-on-year sales growth of 3.6% in May 2024 despite disappointing weather in many parts of Britain, the latest CGA RSM Hospitality Business Tracker reveals. It is a quick return to growth after a 1.7% drop in trading in April, which followed six consecutive months of positive numbers. May’s figure is also comfortably above the current rate of inflation, as measured by the Consumer Prices Index. An easing of some household bills, along with two Bank Holiday weekends, provided a welcome boost to consumer spending during the month. The Tracker—produced by CGA by NIQ in partnership with RSM UK—shows year-on-year growth was highest in the pub sector at 4.4%, while restaurants achieved 3.8%. Bars saw a 2.7% drop, though this is a substantial improvement on April’s figure. The on-the-go segment was 1.6% down. For the fifth time in six months, hospitality groups performed better in London than elsewhere in Britain. May sales were 4.1% ahead of last year inside the M25, while increasing by 3.5% beyond it. Karl Chessell, director – hospitality operators and food, EMEA at CGA by NIQ, said: “May brought a relief to return to above-inflation growth in hospitality after a blip of negative numbers in April. Wet and cool weather continues to work against pub operators, but they and restaurants may be starting to feel the benefit of a relaxation of spending among some consumers, especially over occasions like Bank Holiday weekends. Bars and on-the-go sites are meanwhile still some way short of where they could be. The General Election and greater economic certainty may help to unlock further spending, but operators will be hoping above all for much brighter summer weather to tempt people out of home.” Saxon Moseley head of leisure and hospitality at RSM UK, said: “A return to growth in May is welcome news but the sluggish gains since April’s minimum wage increase means that many operators will be struggling to absorb this additional overhead. As rainy weather and delayed interest rate cuts continue to weigh on the recovery of consumer confidence, pressure will be mounting on whoever is elected in July to offer much needed support to the sector, with rates reform, reduced VAT and better access to skilled workers high on the wish list.” Read More:

𝗪𝗲𝗮𝘁𝗵𝗲𝗿 𝗰𝗼𝗼𝗹𝘀 𝗵𝗼𝘀𝗽𝗶𝘁𝗮𝗹𝗶𝘁𝘆 𝗴𝗿𝗼𝘂𝗽 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗮𝘀 𝘀𝗲𝗰𝘁𝗼𝗿 𝘀𝗲𝗲𝘀 𝟭.𝟱% 𝘀𝗮𝗹𝗲𝘀 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗝𝘂𝗹𝘆: 😍 Britain’s managed hospitality groups reported year-on-year growth of 1.5% in July 2024, down from June’s rate of 2.9%, the latest CGA RSM Hospitality Business Tracker reveals. As July started with the peak of the 2024 Euros, including the quarter, semi-final and final games, Britain’s pubs enjoyed a more positive outcome from the tournament than the England team, experiencing like-for-like growth of 4.9%. The best performing segment in July, pubs within the M25, performed especially well, with 9.9% like-for-like growth. It was a slightly more negative picture for other segments as consumers shifted their spend towards pubs. Restaurant performance saw steep declines, dropping from a 4.7% increase in June to a 2.1% drop in July. Bars had another negative month, down by 6%, while the on-the-go segment saw like-for-like growth of 1.5%. CGA director Karl Chessell said: “With most positive growth being seen in the pub sector in July, this had a knock-on effect to other hospitality venues as they saw like-for-like drops in performance. For hospitality as a whole, this isn’t necessarily a negative thing. The uplifts seen based on key events within the month show that whilst the cost-of-living pressures are still ongoing, consumers are still making those all-important visits to hospitality venues. As we move into the back end of summer, with warmer weather, and an upcoming bank holiday at the end of the month, we hope to see growth spread more equally across key segments.”

Britain's top hospitality groups achieved modest like-for-like sales growth of 1.4% in February, per CGA RSM Hospitality Business Tracker. Restaurants led with 2.2% growth, pubs followed at 2.1%, while bars dipped by 7.4%. London venues outperformed, with a 1.9% increase within the M25. Karl Chessell of CGA notes cautious consumer spending due to uncertainties but hopes for improvement as economic conditions potentially ease. Read more here: https://lnkd.in/eSxy5WWE Follow Retail Savvy: https://lnkd.in/etXuWN48 #HospitalityIndustry #BusinessGrowth #hospitalityinsights #hospitality #RetailSavvy #SavvyInsights

Modest Start To Autumn For Hospitality As Groups’ Sales Rise 1.7% In September Britain’s leading hospitality groups recorded year-on-year sales growth of 1.7% in September, the latest edition of the CGA RSM Hospitality Business Tracker reveals. It means managed operators have achieved like-for-like increases in eight of the nine months of 2024. Following recent below-inflation growth – of 1.5% in July and 1.3% in August – industry growth has matched the inflationary rate of 1.7% in September. While this is a welcome improvement, it is a sign of the continuing challenges to real terms growth, as the sector enters the crucial final quarter of the year. Total sales growth in September—including new venues opened during the last 12 months—was healthier at 3.7%. The Tracker—produced by CGA by NIQ in partnership with RSM UK—shows September was a solid month for restaurants, with like-for-like sales rising 3.2%—double the rate of 1.5% for managed pubs. Bars extended a sustained period of negative numbers with a drop of 3.8%, while the on-the-go segment achieved 4.3% growth. As was the case in August, trading in London was slightly softer than the rest of the country. Sales inside the M25 were 1.3% ahead of September 2023, while venues further afield achieved 1.9% growth. Karl Chessell, director – hospitality operators and food, EMEA at CGA by NIQ, said: “Against the comparative of a sunny start to autumn in 2023, September’s dismal weather made real-terms growth for hospitality groups challenging. Pubs faced a particularly difficult month, with the rain keeping people out of beer gardens and terraces—though it did at least drive some of them indoors to give restaurants a brighter time. While some positive economic indicators raise confidence for a brighter final quarter of 2024, hospitality continues to battle substantial headwinds, and the forthcoming Budget is an opportunity to give the sector the targeted support it deserves.” Saxon Moseley, head of leisure and hospitality at RSM UK: “September’s results continue the recent trend of steady but unremarkable growth for the sector, with consumer confidence and spending spooked by the government’s talk of “tough” decisions to come in this month’s Autumn Budget. Another concern for operators is the recent flurry of staff related legal and tax changes hitting the industry. With the new tipping legislation and the Employment Rights Bill already set to increase the cost burden of employing staff, a potential hike in National Insurance contributions alongside National Minimum Wage rate increases could push many businesses to the brink before the all-important festive trading season.” Read More: