Why is the restaurant sector seeing a decline?
Economic uncertainty following Brexit and Trump has reduced the disposable incomes of many, increasing the preference of “dining in” as opposed to “dining out”.
- Restaurants: like-for-like sales -0.6%
- Pubs: like-for-like sales -1.2%
- YOY sales: -1.0%
- Intent to go out: -2.93%
- Political impact on decision to go out: +50%
Market data:
- Managed pub and restaurant groups saw sales slip in October, with collective like-for-like sales down 1.0% on the same month last year, according to latest monthly figures from the Coffer Peach Business Tracker.
- London saw the biggest fall, with like-for-likes 2.5% down in October 2015.Outside the M25, like-for-likes fell just 0.5%.
Check our graphics report to learn more.
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