2023 was another challenging year for restaurants, bars and pubs, with stubbornly high inflation, rising interest rates, the cost-of-living crisis and geopolitical tensions increasing pressure on both businesses and customers.
However, our industry is nothing if not resilient.
The future of the restaurant industry
In this year’s report we reflect on what the key challenges are for the future of the restaurants and bars industry, and how consumers and operators are responding. We look back at 2023, reviewing deal flow and current trends to find opportunities and look forward to upcoming changes in 2024 that we can prepare for.
Download the report to read:
- Pub industry news
- Market Headlines
- Current trends in the restaurant industry
- Restaurant mergers and acquisitions
- Case study from St Mungo's
- Tips & Troncs Update
- Restaurants and Bars insurance
- Preparing for future challenges
If you would like to discuss this edition of the report further, or need advice for your hospitality business, please contact Mark Edwards, Head of Leisure and Hospitality, or speak to your usual BDO adviser.