The latest Market Recovery Monitor shows that around 25,000 licensed premises were still shut at the end of May 2021 and the delay to a complete reopening of hospitality puts a significant number of them at risk of permanent closure.
Some key take-outs of the report are:
- 76.2% of Britain’s licensed sites were trading by the end of the month, with the number more than doubling from April’s total of 32.9% thanks to the return of inside service
- Whilst more than nine in ten venues in segments including food pubs (91.9%), high street pubs (92.9%) and casual dining restaurants (93.9%) are now open, figures are much lower in sectors that rely on late-night trading like nightclubs (49.9%) and bars (72.9%)
- With strict restrictions like distancing and table service in place, sales have been well below pre-COVID-19 levels in these segments in particular. The four-week delay to a full easing of trading restrictions in England until 19 July, with Scotland likely to follow a similar path, places many closed businesses in jeopardy of failure
- 81.3% of city centre sites were open by the end of May, more than in suburban (75.4%) and rural (72.8%) areas
- There was a significantly lower level of reopening by the end of May in Wales (69.8%) than in England (76.5%) and Scotland (77.6%)