Business Confidence Survey 2020(72)

Business Confidence Survey

Q2, 2020

Managed pubs, restaurants and bars are planning a gradual re-opening starting this weekend, although operators are feeling both cautious optimism and anxiety about trading levels, according to the latest Business Confidence Survey from CGA and Fourth.

The findings reveal that 59% of businesses in England plan to reopen some sites this Saturday [4 July], while a further 18% intend to open during the following week. But, on average, operators plan to open only three in five sites during the first week back, and just a quarter (25%) plan to open all their sites initially.

When asked about reopening, consumer demand was found to be the primary concern for business leaders, with 84% listing it as their biggest or major worry. City and town centres also pose a challenge, with 75% of respondents expecting consumers to be reluctant to visit them post lockdown.

From the blog:

  • A cautious return to trading as 84% of hospitality sector leaders indicate uncertain consumer demand is the key concern