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CGA Peach, AlixPartners reveal food-led outlets continue to grow despite challenges
17/03/2017 - 07:00
Numbers of branded food-led pub and restaurants continue to grow, despite challenges of rising rates and food costs and the effect of Brexit, the latest Market Growth Monitor from AlixPartners and CGA Peach reveals.
Written by Isabel Finch
The Market Growth Monitor shows that casual dining operators had a strong year of growth in 2016, with 20.9% more restaurants open than at the end of 2011. The number of branded food pubs and food-led pubs continued to expand.
CGA Peach vice president, Peter Martin, said: “Restaurants and pubs face significant cost challenges at the moment, many of them not of their own making. So it is no surprise to find that the licensed sector contracted slightly in 2016—but that should not distract from the success of food-led operations in recent years.
“It is a story of dynamic economic growth and job creation that deserves more recognition and support from government.”
The success comes as a contrast to the small decline of 1.3% in the number of Britain’s licensed pubs, which is equivalent to 1,600 net closures. Most of the closures were drinks-led local pubs and independent restaurants.
The number of food-led premises increased by 1.2% in 2016 in the suburbs and by 3.8% in the north east of England. The number of licensed premises in regional cities has risen 7.6% in the last five years.
The AlixPartners CGA Peach Market Growth Monitor is produced quarterly and is drawn from the CGA’s outlet index.