LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Deliveries and takeaways worth 15 pence per pound of restaurant spend after October growth 

Philip Roth by Philip Roth
November 21, 2023
in UK
Deliveries and takeaways worth 15 pence per pound of restaurant spend after October growth 
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Bitcoin traded sideways as market awaits regulatory guidance – London Business News | London Wallet

Migrants caught gambling ‘hard-working British taxpayers’ money’ – London Business News | London Wallet

Bitcoin hits record highs as volatility falls to almost 2-year low – London Business News | London Wallet

Delivery and takeaway sales at Britain’s leading managed restaurant groups rose 5% year-on-year in October 2023, CGA by NIQ’s Hospitality at Home Tracker shows.

It is a fifth month of like-for-like growth in a row and continues a steady recovery in restaurants’ at-home sales in 2023. The build-back follows a long decline after the end of COVID-19 restrictions, which had led to a surge in consumers ordering food to their doors.

It means that deliveries and takeaways now account for just under 15 pence in every pound spent by consumers with restaurants contributing to the Hospitality at Home Tracker.

However, October’s year-on-year growth of 5% marks a slowdown from September, when combined sales were 7% higher than the same month in 2022. It means growth has dipped slightly behind the rate of inflation, and the increased revenue is the result of higher menu prices rather than extra orders.

The Tracker also highlights consumers’ ongoing preference for deliveries over takeaways. Year-on-year growth in delivery sales reached 6% in October, while takeaway and click-and-collect revenue was 2% down from October 2022.

Karl Chessell, CGA by NIQ’s director – hospitality operators and food, EMEA, said, “Managed groups’ delivery and takeaway sales took a sustained hit after the end of COVID lockdowns, but growth is now on a par with in-restaurant sales.

“The convenience of ordering platforms and lower prices suit some consumers’ habits at the moment, and the new balance of eating-out and at-home sales that is emerging will satisfy many operators. Organic growth in both channels while avoiding cannibalisation of sales will be a top priority for all restaurants in 2024.”



Source link

Share30Tweet19
Previous Post

Deal savvy UK consumers give hope to retailers ahead of Christmas

Next Post

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

Philip Roth

Philip Roth

Recommended For You

Bitcoin traded sideways as market awaits regulatory guidance – London Business News | London Wallet
UK

Bitcoin traded sideways as market awaits regulatory guidance – London Business News | London Wallet

July 24, 2025
Migrants caught gambling ‘hard-working British taxpayers’ money’ – London Business News | London Wallet
UK

Migrants caught gambling ‘hard-working British taxpayers’ money’ – London Business News | London Wallet

July 24, 2025
Bitcoin hits record highs as volatility falls to almost 2-year low – London Business News | London Wallet
UK

Bitcoin hits record highs as volatility falls to almost 2-year low – London Business News | London Wallet

July 24, 2025
Lionesses roar into World Cup Final demonstrating talent, tenacity and mental resilience – London Business News | London Wallet
UK

Lionesses roar into World Cup Final demonstrating talent, tenacity and mental resilience – London Business News | London Wallet

July 24, 2025
Next Post
Security firm dWallet Labs flags validator vulnerability that could affect B in crypto

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

Related News

Shell announces record profits on back of surging gas prices

Shell announces record profits on back of surging gas prices

February 2, 2023
FTSE 100 Live: Oil price above  a barrel, index seen lower

FTSE 100 Live: Oil price above $78 a barrel, index seen lower

June 23, 2025
‘Being this wrong should be illegal’ — Crypto pundits slam Fed’s Kashkari

‘Being this wrong should be illegal’ — Crypto pundits slam Fed’s Kashkari

October 22, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?