Like-for-Like Sales up 4.1% in January Driven by Bounce in London

by | Feb 3, 2023 | Blogs, Sales Figures

Monthly like-for-like sales in hospitality were up 4.1% compared with January 2022, the majority of which was driven by a 15.2% bounce in London.

Rising prices over the last 12 months have impacted raw sales data. Although sales figures are increasing, these numbers lag behind inflation, which in real terms, will be a decline for some operators, particularly those outside of London.

Richard Hartley, chief innovation officer, added: “The figures aren’t adjusted for inflation, so we’d naturally expect to see some level of bounce. The capital took a lot longer to recover as we came out of Omicron, so last year’s figures act as a low basepoint. This reality goes a long way towards explaining why the 2023 numbers look better than they are.”

Other Articles You May Like...

Hospitality Sales See Solid Growth in April

Hospitality sales were up 5.1% in April compared to the same month last year, data from S4labour has revealed. The overall increase was driven by sales outside of the capital, with non-London seeing an uptick of 7.2%. Meanwhile, London saw a decline of 1.2%...

read more
Now is the Time to Get Better at Labour Planning

Now is the Time to Get Better at Labour Planning

This week, I had quite a disappointing conversation with an operator. He didn’t make that much money and lived above the pub, taking out around £200 a week. We sat down together and went through his numbers after April’s increase in national insurance (NI) and...

read more