British pubs sector 'stabilised'
The British pub sector 'appears to have stabilised' according to new figures from financial advisory firm KPMG, despite rising costs and increased at-home drinking. The paper, entitled Sector Foresight - The UK Leisure Market, did show that ‘on-trade’ drinking is still in decline, with more consumers drinking at home and drinking low to moderate levels in pubs."
The report stated that pub operators are looking to maximise returns from all aspects of operations and to increase overall revenue against a rising cost base and significant tax impacts.
It also added that consumers are becoming “professional bargain and discount hunters” when eating and drinking out, with four in 10 now making their choice based on offers and discounts available.