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UK Pub Sales News: Pubs remain a solid investment, figures show.
Pubs and restaurants continued to defy the gloom and remain a solid investment, figures from Coffer Peach's Business Tracker show.
Collectively, like-for-like sales between the two sectors rose by 0.9 per cent during October.
Peter Martin of Peach Factory, which investigated the sector in partnership with KPMG and UBS, said that figures in the hospitality trade continue to grow because the recession did not slow down people's desire to go out to eat and drink.
He added: “Quality is still the main factor in choosing where to go out, but value is becoming increasingly important, and with the cost of eating-in and eating-out narrowing in many parts of the market, it remains an attractive proposition even for those with families."
His comments follow on from advice given by All Party Parliamentary Beer Group, who said that the licensed trade is still very lucrative providing pub landlords are prepared to diversify their offerings, particularly for traditional pubs branching into serving food.
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