UK pub and restaurant sector sees 0.2% year-over-year growth in May, compared to 4.4% rise in April, 4.6% increase in March
June 18, 2014
(Property Week (United Kingdom))
– Growth of 0.2% on the same month last year compares to a 4.4% increase in April and a 4.6% increase in March.
However, the tracker showed that year-on-year same store trading is up 2.9%, and May is the 14th consecutive month of like-for-like sales growth.
London performed slightly better than the rest of country with growth up by 1.1%, but while pub sales rose, casual dining chains saw a dip of 1.3%.
Outside the M25, casual dining chains saw growth of 1.9% compared to May 2013, with sales increase of 9.1%.
Peter Martin of CGA Peach, which produces the tracker with the Coffer Group, Baker Tilly and UBS, said: “The levelling off of growth will be a reminder that recovery is not guaranteed, although the underlying trend for the market remains strongly positive as the public continue to go out to eat and drink.
“But competition from smaller and newer operators and also other leisure attractions remains fierce.”