Post-Paris Nervousness hits London’s Eating and Drinking-out Markets, Like-for Likes down by 1.5%

10th December 2015

London’s pub and restaurant trade saw sales dip in November in the wake of the Paris terrorist attacks. Public nervousness about going out led to a 1.5% decline in like-for-like sales in the capital, with chain restaurants feeling the biggest impact, according to the latest figures from the industry’s sales barometer, the Coffer Peach Business Tracker. Restaurant groups saw collective like-for-likes inside the M25 down 2.6% on November last year, with managed pubs behind by 0.8%.

“Although the rest of the country managed to deliver a slight sales uplift of 0.3% on the same month last year, the impact on London sales left managed pubs and restaurant groups nationally looking at an overall 0.2% like-for-like decline for the month,” said Peter Martin, vice-president of CGA Peach, the business insight consultancy that produces the Tracker, in partnership with Coffer Group, RSM (formerly Baker Tilly) and UBS.

“When you consider that October had seen a 2.5% jump in like-for-like sales nationally, with London up 3.5%, you can see the scale of this November’s fall-back. Also November 2014 had seen a 3.4% increase on 2013. The public’s nervousness is understandable and it seems London has been affected both by a drop-off in tourist business and Londoners not staying out as long after work. Operators are reporting both reduced sales and cancellations of bookings, in restaurants and late-night venues. The difference between November trading in London and the rest of Britain is most marked in the casual dining sector, with the 2.6% London decline contrasting with 3.5% like-for-like growth away from the capital. London will be hoping that public confidence returns for the Christmas and new year festive season, in what should be the industry’s busiest trading period.”

Among the 30 companies that make up the Tracker cohort, total sales, which include the impact of new openings, were ahead 3.5% nationally on November last year, although flat in London. Trevor Watson, director at Davis Coffer Lyons, part of the Coffer Group, said: “The international dimension seems to be having a significant impact on London in particular. Sterling has strengthened considerably over the last year, which is likely to be having an adverse effect on the spending of overseas visitors who make up a large proportion of London diners. This longer-term effect, combined with the short-term effect of the Paris bombings, is resulting in weak statistics for London in November. With the local London economy overall in good health, operators should however continue to look forward to a strong December.”

To receive emails from us and keep up to date with the latest jobs and industry news, please complete the short form below.  We will never share your email with any third parties.

(*) required fields

1. Providing Visitors with Anonymous Access

You can access our Web site home page and browse our site without disclosing your personal data.

2. The services and links of our Web site

2.1 Our Web site does not enable our visitors to communicate with other visitors or to post information to be accessed by others.

2.2 Our Web site does not include links to third party Web service providers.

3. Automatic Collection of Information

3.1 We do not automatically log personal data.

3.2 We do not link information automatically logged by other means with personal data about specific individuals.

3.3 We use cookies to store personal data or we link information stored in cookies with personal data about specific individuals. We do so for the following purposes: * Technical administration of the Web site.

4. Data Collection and Purpose Specification

4.1 We do not collect any personal data from our visitors when they use our services.

4.2 We do not collect information about our visitors from other sources, such as public records or bodies, or private organisations. To access the table of personal data collected and purposes for which they are used, please click here

4.3 We do not collect or use personal data for any purpose other than that indicated in the table below.

4.4 If we wish to use your personal data for a new purpose, we offer you the means to consent to this new purpose: by indicating in one of our contact/data capture forms, where personal data is collected

5. Children’s Privacy

5.1 We do not knowingly collect personal data from children.

5.2 We do not take specific steps to protect the privacy of children who disclose their personal data to us.

5.3 We do not provide information about our personal data practices in relation to children on our homepage, or at those sites on our Web site where we collect personal data.

6. Disclosure and Visitor Choice

We do not disclose your personal data to our subsidiaries or other organisations.

7. Confidentiality / Security

7.1 We do not give visitors to our Web site the option of using a secure transmission method to send us their personal data.

7.2 We have implemented security policies, rules and technical measures to protect the personal data that we have under our control from:

(a) unauthorised access; or
(b) improper use or disclosure; or
(c) unauthorised modification; or
(d) unlawful destruction; or
(e) accidental loss.

7.3 All our employees and data processors, who have access to, and are associated with the processing of personal data, are obliged to respect the confidentiality of our visitors\’ personal data.

7.4 We ensure that your personal data will not be disclosed to State institutions and authorities except if required by law or other statutory regulation.

8. Privacy Compliance

8.1 There are no national laws or self-regulatory schemes applicable to our web site or organisation.

8.2 There are no global or regional regulatory or self-regulatory schemes applicable to our web site or organisation.

9. Privacy Support

9.1 If you have an enquiry or concern about our privacy policy, please contact: Recruitment Room on 0113 322 0660 or Email address: contact@therecruitmentroom.co.uk

9.2 We do not provide any other means by which visitors’ concerns may be addressed.