Hospitality UK
The latest Hospitality Market Monitor from CGA by NIQ and AlixPartners underlines the growing divide between larger and smaller operators. Independent businesses have borne the brunt of closures with a 5.9% drop in numbers over the last 12 months.
Britain has suffered a net decline of 4,593 licensed premises in the last year to March 2023, the new Hospitality Market Monitor from CGA by NIQ and AlixPartners shows—but the resilience of managed groups means the rate of closures has slowed in the last quarter.
The drop is equivalent to 4.3% of the licensed sector since March 2022, and an average of 12.6 closures a day. However, net closures slowed to 756 ven
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