Meaningful Vision Ltd’s Post

Winter has arrived a little early with a dramatic show of snow and ice country-wide, but Lynx Purchasing’s first Market Forecast - winter edition - is right on time. Packed with great info and insights for hospitality operators on what to expect over the season ahead in terms of produce availability, quality and prices, it’s designed to help you plan menus and specials that can give you the best GP margin on dishes. With consumer confidence shaky and inflation up again, operators need to be smarter than ever to entice customers out over the festive period and in the slow months of January and February - and make a profit. The team at Lynx Purchasing are experts at helping independent hospitality operators create a competitive advantage with a bespoke approach to purchasing. We work closely with you to control costs, improve quality and find valuable savings in every category of spend - it’s like having your own purchasing team. To find out how we could help you this season, give us a call on 01325 710143 or email us on [email protected] and read the winter Market Forecast - out now and absolutely free. https://lnkd.in/ga8RxYWX #hospitalityindustry #hospitalitynews #UKhospitality #UKhospitalitywintermenus #hospitalitysector #hospitalitypurchasing #purchasingexperts

An increase in consumer confidence and a reduction in rail strikes have boosted the UK dining-out market's penetration, according to Lumina Intelligence data. A rise of +3.3 percentage points demonstrates how consumers are increasingly returning to their usual routines, as the cost of living pressures ease and post-pandemic behaviours stabilise. Further market findings by Insight Manager Megan Thresher here: https://lnkd.in/epATDF2k MCA Insight - Leaders in Eating & Drinking Out Market Insight #eatingout #eatingoutmarket #foodanddrink #foodanddrinkindustry #marketinsights #marketresearch #restaurants #pubsandbars #qsr #coffeeshop #foodtogo #foodservice

Hospitality sales in the Republic of Ireland were €54m higher in the first quarter of 2024 than in the first three months of 2023 📈 However, drinks sales by volume were fractionally down year-on-year, and growth was instead powered by an average uplift in prices of 9.7%. Pressure on spending is leading to some important changes in consumers’ drinking preferences—including a focus on quality over quantity. Read Hospitality sales up in the Republic of Ireland although consumer spending compromised - https://lnkd.in/gYYCq7rr #OnPremise #Hospitality #SalesMeasurement #DrinksBrands #CostOfLiving #Inflation #ConsumerPreferences

Keeping track of price movements in the market is more important than ever, not least because of the cost pressures operators are facing following the rise in the National Living Wage this month. Hospitality Data Insights (HDI) helps operators and suppliers keep track of food and drink price movements across the hospitality and grocery sectors, with our market range and pricing data now covering over 16,000 hospitality venues across QSR & Coffee, Pubs & Bars and Casual Dining as well as online pricing for 10 national grocers. We’re able to offer unrivalled visibility of what’s happening in the market; from headline inflation tracking to providing full visibility of product-specific, site-specific range and price data across more than 70 different hospitality brands. Give me a shout if you’d like to find out more about how our range & pricing data capabilities can help your business: [email protected] #HospitalityData #hospitalitytrends #UKhospitality

Supporting Independent Restaurants This Festive Season: Your Custom Counts 🎄🍽️ Did you know that 97% of people prefer independent restaurants over chains? That’s according to last week’s poll. Thanks to all who took part. Yet, many of these beloved establishments are battling to survive. As someone who interacts with hospitality customers daily, I’ve seen firsthand the challenges they face. The Struggles ❌No-shows: These can be devastating, especially for small businesses that rely on every booking. They’re up by 20%. 📈Rising cost of produce: Inflation and supply chain issues have driven up costs, squeezing already tight margins. 💸Changes in government support: Many restaurants are still reeling from reduced support post-pandemic. 🪙Economic pressures: With households cutting back, dining out is often one of the first luxuries to go. How Can You Help? 🎄Book and show up: If you make a reservation, please honor it or cancel in advance. Be prepared to pay booking deposits. 🎅Buy vouchers: Many independent restaurants offer gift vouchers, which make great presents and provide immediate support. 🦃Dine out or order in: Treat yourself and support local businesses. 🤶Spread the word: Share your favourite spots with friends and family. 🎟️Voucher Schemes in the UK: There are various loyalty and voucher schemes available that can help you save while supporting local businesses. For example, Tesco Clubcard and Sainsbury’s Nectar offer points that can be redeemed at various restaurants. While chains offer consistency, availability, and economies of scale that translate into deals and value, it’s crucial to remember the unique experiences and personal touches that independent restaurants provide. They are the heart of our communities, offering diverse cuisines and personalised service. This festive season, let’s remember to support the hospitality industry. The long hours and dedication of restaurant staff create amazing experiences for us. Your support can make a significant difference.🎄✨ Will you be dining out this festive season? Any recommendations? 🍽️👌✨ 🎄✨🎅✨🍽️✨🤶✨🎄✨🎅✨🍽️✨🎄✨ Restaurants, need help with your bookings management and payment processing this festive season? DM or call to book a free consultation. #SupportLocal #IndependentRestaurants #ShopSmall #HospitalityHeroes #Dojo #FestiveSeason #DiningOut #Restaurants #thecardmachinelady ©️🕊️

Bidfood UK research reveals that value for money will no longer be top of mind for nearly 70% of consumers this Christmas 🎅 Instead, they will be seeking a high-quality offering when eating and drinking out of home this festive season. To support the hospitality industry during this crucial season, Bidfood, our partner supplier and one of the UK’s leading wholesalers, conducted in-depth research on consumer decision-making regarding dining and drinking out during the upcoming Christmas period. Take a look a Bidfood's strategic approach which aims to cater to changing consumer preferences while supporting the hospitality industry's recovery during the busy Christmas season 👇 Read in full here ➡ https://shorturl.at/aD0WK #BidfoodUK #HospitalityIndustry #Festiveofferings

Prices rise by 7.1% in hospitality to offset soaring costs Via Restaurant Online #manufacturing #warehouse #logistics #hospitality #hospitalityuk #retail #retailers #retailmarketing #retailnews #eurozone https://ow.ly/6GWC50QymCX

There's been some positive news for the hospitality sector, as the latest CGA RSM Hospitality Business Tracker reported that the top groups in Britain generated year-on-year sales growth of 8.8% in December! December’s figure is a sharp increase from 4.0% in November, and more than double the current rate of inflation in the UK. A result of the COVID pandemic and the ongoing cost-of-living crisis, the sector has seen unprecedented challenges in recent years. But is this the first step towards continuous growth? To learn more, visit, https://lnkd.in/e3npbrE5. #HospitalityNews #FoodAndBeverage #Hospitality

Something has been happening over the past couple of years, and it’s something that won’t have gone unnoticed by most people. I’m talking about inflation. The hospitality industry is not immune and has, naturally, had to make adjustments to cope with these rising costs. In our latest blog, we’ll explore the different ways in which hospitality operators have adjusted and why these adjustments are not only justified but possibly still not enough. Read more 👇 https://lnkd.in/dSHCQDKk

⭐️ Restaurants and Pubs drive modest 1.4% hospitality growth in February ⭐️ Britain’s top hospitality groups achieved modest like-for-like sales growth of 1.4% last month, the CGA by NIQ RSM Hospitality Business Tracker reveals, highlighting: 🍴Restaurants were hospitality’s best performing segment in February with like-for-like growth of 2.2% 🍺 Pubs were only fractionally behind at 2.1%. 🍸Bars however suffered a 7.4% dip in sales, reflecting a squeeze on consumers’ late-night spending and a move towards earlier eating and drinking out. https://lnkd.in/eN4VECkC