Pre-Christmas trading provides 3.4% growth for on the go sector
In the week commencing 16th December Britain’s leading hospitality groups saw year-on-year sales growth of 2.7%
A special weekly edition of the Hospitality Business Tracker - produced by CGA by NIQ, in partnership with RSM UK – shows Britain’s leading hospitality groups recorded year-on-year sales growth of 2.7% in the run-up to Christmas (week commencing 16th December 2024 versus week commencing 18th December 2023
With year-on-year sales failing to meet inflation in six out of the past 11 months, operators have already found themselves balancing fine margins throughout 2024.
But with staffing costs among managed groups expected to rise even further in April 2025’s Government budget, this Christmas is carrying the burden to make up for strained trading in the previous year and bolster business for the year ahead.
With like-for-like sales growth of 2.7% in week commencing 16th December performance may not have been stunning, but with sales beating recent inflationary benchmarks it was a week of solid performance.
Food-led operators saw relatively stronger performance, with like-for-like growth of 3.4% in the on the go sector, and 2.1% in restaurants.
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