January Sales Reveal Some Much Needed Stability for Hospitality

by | Feb 7, 2022 | Blogs, Hospitality, Sales Figures

The first month of 2022 has seen stable sales across the sector, with January’s overall sales up 1% on 2020 levels.

Food-led sales were up 3%, however drink sales were down by a small 1%.

Sites outside of London saw their like-for-likes increase by 2%, whereas London-based sites saw their sales decline by 4% on January 2020.

Richard Hartley, Chief Innovation Officer, said: “January was shaping up to be a difficult month for the sector, especially following the loss on sales over the festive period. The stable like-for-likes are welcome but most likely not enough, as sector prices look set to rise given the oncoming surging costs in energy, labour, food, drink, and insurance.”

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