A recent study conducted by a market research firm has highlighted the growing importance of pubs with rooms to consumers in the UK. The research surveyed over 1,000 respondents to understand the factors that influence customers when choosing a pub, and found that accommodation was becoming an increasingly important consideration.

According to the study, over 60% of respondents said that the availability of accommodation influenced their decision when choosing a pub. Of those respondents, over 70% said that the quality of the accommodation was a key factor in their decision-making process.

The research also found that consumers were willing to pay more for quality accommodation in a pub setting. Over 80% of respondents said they would be willing to pay more for accommodation that offered a higher standard of comfort and amenities, such as en-suite bathrooms and premium bedding.

The study suggests that pubs with rooms have an opportunity to attract customers by offering quality accommodation as part of their overall offering. Pubs that invest in comfortable, well-equipped rooms and market themselves as a destination for both food and accommodation could stand to benefit from this trend.

Overall, the study highlights the growing importance of accommodation to consumers when choosing a pub, and suggests that pubs should consider investing in this area to attract and retain customers. By providing quality accommodation as part of their offering, pubs can enhance the overall customer experience and drive growth in this competitive market.

The Pubs Advisory Service works in conjunction with many businesses to increase their profitability and to help them resolve disputes. If you would like help with your pub business, then please contact us by clicking HERE.

The Bank of England’s recent decision to keep interest rates on hold has been criticized by some as a “joke”, in light of the UK’s rising inflation rate. The Consumer Prices Index (CPI) rose to 2.1% in February 2023, compared to 1.8% in January 2023.

Despite this increase, the Bank of England has opted to maintain its current interest rate of 0.1%, stating that it expects inflation to remain within its target range of 2%. The decision has been met with skepticism by some economists, who argue that the Bank should be taking a more proactive approach to managing inflation.

Critics have pointed to the fact that inflation has risen above the Bank’s target rate for the first time in nearly two years, and that there are concerns about the impact of rising prices on household budgets. Some have suggested that the Bank should consider raising interest rates in order to help control inflation and prevent it from spiraling out of control.

Others have defended the Bank’s decision, arguing that raising interest rates could have a negative impact on the UK’s economic recovery from the COVID-19 pandemic. They suggest that the Bank should continue to monitor the situation and take action only if it is deemed necessary.

Regardless of the debate surrounding the Bank of England’s decision, it is clear that rising inflation is a cause for concern for many people in the UK. The challenge now is to find ways to manage this inflationary pressure while continuing to support the country’s economic recovery.

The Pubs Advisory Service works in conjunction with many businesses to increase their profitability and to help them resolve disputes. If you would like help with your pub business, then please contact us by clicking HERE.

The hospitality sector in the UK is experiencing a surge in prices, which is said to be linked to the country’s increasing inflation rate. Recent data from the Office for National Statistics (ONS) has shown that the Consumer Prices Index (CPI) rose to 2.1% in February 2023, compared to 1.8% in January 2023.

The ONS has identified a rise in food and drink prices, particularly in the hospitality sector, as a key factor contributing to the increase in inflation. Prices for eating and drinking out in pubs and restaurants have reportedly increased by 2.4% in comparison to the same period in the previous year. The cost of takeaway food and non-alcoholic drinks has also risen significantly.

This inflation rate hike may be concerning for UK consumers, as it means that the cost of goods and services is rising faster than wages. This could lead to a reduction in spending power and put pressure on household budgets.

Other factors, such as an increase in fuel prices and household utilities, have also been identified as contributors to the rise in inflation. However, the increase in food and drink prices within the hospitality industry is particularly noteworthy, as it highlights the challenges that businesses in this sector are currently facing.

The hospitality industry has been hard hit by the COVID-19 pandemic, and many businesses are struggling to balance increasing costs with the need to remain competitive. This rise in prices may reflect the difficulties that the industry is facing, as businesses try to recoup losses incurred during the pandemic while investing in new safety measures and staff training.

The Pubs Advisory Service works in conjunction with many businesses to increase their profitability and to help them resolve disputes. If you would like help with your pub business, then please contact us by clicking HERE.

The government’s consultation proposes changes to the Licensing Act of 2003, which governs the sale of alcohol and the provision of entertainment and late-night refreshment in England and Wales.

One of the main proposals is to give local authorities more powers to regulate the night-time economy, particularly in areas where there are high levels of crime and disorder. This could include the introduction of a “night-time levy” to fund extra police patrols and other measures to keep people safe.

Another proposal is to allow more flexibility for businesses when it comes to opening hours. Currently, premises can apply for a licence to open until 11pm or 12am, depending on their location. The consultation suggests that this could be extended to allow businesses to apply for later licences, potentially up until 4am.

However, this would be subject to conditions such as ensuring that the premises are not causing a nuisance to local residents, and that there are adequate measures in place to prevent crime and disorder.

The consultation also proposes changes to the licensing regime for events such as festivals and concerts, to make it easier for organisers to obtain licences and for local authorities to regulate them.

Overall, the proposals aim to strike a balance between allowing businesses to thrive and ensuring that the night-time economy is safe and well-regulated. The consultation is open until May 2023, and businesses and members of the public are encouraged to have their say on the proposed changes.

The Pubs Advisory Service works in conjunction with many businesses to increase their profitability and to help them resolve disputes. If you would like help with your pub business, then please contact us by clicking HERE.