Following a strong September for hospitality, October’s monthly like-for-likes are up 13.5% when compared to October 2019.
In particular, food-led sales performed well with a 17.8% increase in like-for-likes. Drink sales were also up by 9%—much higher than September’s drink like-for-likes.
Non-London based sites saw their like-for-likes rise by a high 15.5%. As for London sites, their like-for-likes were up too; however by a smaller 3.5%.
S4labour’s Chief Product Officer, Richard Hartley, stated: “October’s high like-for-likes is excellent news for the sector, especially given the amount of head winds (such as the increase in VAT and supply problems) that operators are facing. The Autumn Budget also spelled some good news for the sector in the years ahead.”
