February sales in Hospitality show little growth, as year-on-year increase sits at 1.6%, despite low 2022 statistics that were affected by Omicron.
Like-for-like growth has slowed significantly throughout 2023 so far. December 2022 saw an increase of 17%, followed by 4.1% in January and 1.6% in February.
The research also shows that there was a slight increase in the proportion of sites trading 7 days a week this year compared to last year.
Richard Hartley, Chief Growth Operator at S4labour, said: “It’s concerning to see little growth despite high rises in prices, indicating that volumes are down as consumer confidence continues to come under strain.”