CGA have shared with us their Market Recovery Monitor and Top 100 Towns report.
This month’s Market Recovery Monitor produced in conjunction with Alix Partners, gives a great insight into the first phase of reopening along with a look ahead at the scope for indoor hospitality.
Some key take-outs are:
- Britain had 106,548 licensed premises at the end of April—8,560 or 7.4% fewer than it did in March 2020
- Just under a third (32.9%) of all licensed premises traded during Britain’s first phase of post-lockdown reopening, with just over 35,000 sites welcoming guests since Monday 12 April
- Across Britain, nearly half (49.0%) of all food pubs and more than a third of community pubs (38.7%) and high street pubs (36.0%) traded in the first phase of re-opening, compared to three in 10 (29.2%) casual dining restaurants and one in six (16.6%) other restaurants
- In England, 29.6% of venues have traded since venues were permitted to open for outdoor-only service. The figure was slightly higher (31.1%) in Scotland, where operators had to wait until Monday 26 April, but were given the extra freedom to serve food indoors without alcohol until 8pm. Capacity was notably lower in Wales (24.6%)
- MRM highlights some strong reopening rates in major city centres during this phase, including Leeds (41.7%), Newcastle (37.9%) and Manchester (37.3%), but lower numbers in London (29.1%). It suggests a good first phase of reopening for managed sites, with just over half (52.4%) of these trading—more than twice the number of independents (24.0%)
As the first report of 2021 our UK Top 100 Towns report covers the period from outdoor reopening on April 12th through to 8th May so the market performance represents only outdoor trading accounting for the decline across the board, however the range of performance does indicate that some towns have performed better than others. The weather may have been kinder, more might have reopened, but how does your performance compare to the towns you are in?
Now the market has reopened, the Top 100 Towns report will resume to its regular delivery schedule each month. Please note that in this and upcoming reports we will be calculating % change vs 2 years ago (i.e. corresponding period in 2019).
To access the full report please follow this link