Almost half of hospitality chiefs said they are confident about the sector during the upcoming 12 months despite a multitude of cost pressures, including business rates…
In the ever-evolving landscape of the brewing industry, economic downturns can present formidable challenges. To weather the storm and position your brewery for success during severe recessions, a comprehensive and strategic approach is essential. In this guide, we delve into 15 strategies that breweries can adopt to fortify their operations, engage consumers, and navigate through challenging economic times…
The average cost of a pint of draught lager increased 12.5% in the year to October 2023 as pubs and brewers “struggle to survive”…
In 2020, the United Kingdom saw a total of approximately 46,800 pubs in operation, marking a decline of over 14,000 pubs since the turn of the millennium. This decrease, representing around 8,600 fewer pubs over the past decade, reflects a concerning trend in the British pub industry. While this decline can be attributed to a myriad of factors, we will delve into ten key reasons, acknowledging the backdrop of pub statistics and the recent impact of the COVID-19 pandemic on this quintessentially British institution…
Australian craft breweries are facing financial challenges, with several entering administration due to a combination of factors, including pandemic-related debts, excise tax, and rising costs. The economic downturn, coupled with increased production costs and higher interest rates, has left many small and mid-sized breweries struggling to stay afloat. The Independent Brewers Association reports that 91% of its surveyed members have been severely affected by the current economic climate, with 66% expressing doubt about their businesses surviving the downturn…
Daily drinks sales hit by “negative” trading figures as consumers “restrict” big nights out…