1、Catering for successRestaurants and Bars Report 20242CATERING FOR SUCCESS|RESTAURANTS AND BARS REPORT 2024The Restaurants and Bars Report 2024 For the last few years,the UK restaurant industry has been heavily impacted by factors beyond operators control,and 2023 was no different.It was another chal

2、lenging year across the sector,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.In this years report we reflect on what the key challenges are

3、 for the future of the sector,and how consumers and operators are responding.We look back at 2023,reviewing deal flow and consumer trends to find opportunities and look forward to changes in 2024.Introduction from Mark Edwards3Priorities for the year ahead4Market and Consumer Overview4Deals Overview

4、10Raising Debt16Homelessness and Hospitality17Business Insurance Claims19Tips&Troncs Update21Headwinds and Opportunities23BDO Sector Expertise24Contacts25ContentsIntroduction from Mark EdwardsPartner and Head of Restaurants and Bars Once again I write the introduction to this report inspired by the

5、continued achievements of so many in our sector.The ability to adapt to changing conditions whether caused by supply chain challenges,macro-economic impacts,changes in consumer behaviour including their location of work,or industrial action on our transport networks has been prevalent throughout 202

6、3.While the December trading figures,especially in the crucial third week,were positive,it would be wrong to suggest that confidence is universally creeping through the sector.While we may have cautious optimism about falling inflation and interest rates,the reality remains that input prices and lab