Propel Morning Briefing

US restaurant like-for-like sales fall 1.5% in January, second-worst month for visits since 201

US restaurant like-for-like sales fell 1.5% in January, the seventh decrease in the past eight months, according to the latest MillerPulse restaurant index. Like-for-like visits fell 2.9% in the month, an improvement from the 4% decline in December but still the second-worst month for visits since at least 2010. Larry Miller, co-founder of the survey, […]

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Beer competition reports craft keg boom

A national craft beer competition has reported a record 400 entries, a 700% increase since 2011, with a particular boom in craft keg beers. The Independent Beer Awards are hosted by the Society of Independent Brewers (SIBA) and will take place next month at the BeerAlive! beer festival, part of SIBA’s annual BeerX Trade Show […]

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Four pubs a day closing according to new research, fears figure will rise further as cost pressures mount

Pubs are closing at the rate of four a day, according to new research, but there are fears mounting cost pressures will see the figure rise even further. Findings by rates and rental specialists CVS suggest a fifth of pubs in England and Wales shut between April 2010 and the end of 2016 – a […]

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Pub and restaurant like-for-likes increase 1.9% in January, casual dining chains see biggest jump of 3.3%

Britain’s managed pub and restaurant sector saw collective like-for-like sales grow 1.9% in January compared with last year, according to the latest Coffer Peach Business Tracker – with casual dining chains seeing the biggest jump in trade. Restaurant groups in the Coffer Peach cohort were collectively 3.3% up on last January, on a like-for-like basis, […]

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Small brewers coalition passes 50 breweries, starts commissioning independent review

Companies representing more than 50 brewers around the UK have signed up to the Small Brewer Duty Reform Coalition less than a month after its launch. The organisation was launched on 18 January with the aim of asking the treasury to review and improve Small Breweries Relief (SBR) to ensure it supports a sustainable market. […]

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Pubs and bars shrug off Dry January with food offers and soft drinks

Pubs and bars shrugged off the effects of Dry January by using food offers and soft drinks to tempt customers, according to new research. Data from CGA Strategy’s Trading Index showed bars and food-led pubs increased their average weekly food sales in January by 2.6% and 2.0% respectively compared with 2016. The index suggested some […]

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London has most hotel rooms under construction in Europe

London had the most hotel rooms under construction in Europe in January, a new report has revealed. The capital had 6,203 rooms in 34 hotels under construction, according to STR’s January pipeline study. Four other cities reported more than 2,000 rooms in construction – Istanbul (4,357 rooms in 22 projects), Moscow (3,460 rooms in 15 […]

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Majority of Valentine’s Day diners look for somewhere new to eat

The majority of Valentine’s Day diners look for somewhere new to eat for their romantic meal, according to research by reservation site OpenTable. The company said Valentine’s Day was its most booked day of last year, with data revealing 86% of reservations for the event were booked by consumers who chose to dine at a […]

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London hotel market sees absolute occupancy level at highest January level since 2008

The London hotel market saw absolute occupancy level at its highest for the month of January since 2008, while average daily rate reached its highest for the month since 1994, according to new research. STR’s preliminary January data showed occupancy increased 5.8% to 70.5% compared with the previous year, while average daily rate was up […]

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