Market Recovery Monitor
May 22, 2020
Latest figures from the CGA AlixPartners Market Recovery Monitor show that at the end of March this year, the pre-lockdown number of licensed premises in Britain stood at 115,108, a 2.4% reduction on March 2019.
Numerically the independent sector remains the largest segment of the market, with 74,271 sites, almost two-thirds of the total. The future of those largely small businesses, alongside almost 41,000 group-owned sites, is now under threat as a result of the COVID crisis.
That rate of decline is set to accelerate rapidly once the hospitality sector begins to reopen from July 4. Although the vast majority (96%) of business leaders in the pub, bar and restaurant industry are expecting a phased reopening, only a third (36%) believe they will eventually re-open all their sites for trading.
From the blog: