Hospitality sales grew 7.0% year-on-year in the latest 12 weeks, ‘Headline inflation continues to ease… hopefully we’re on track for a strong Christmas’

Hospitality sales grew 7.0% year-on-year in the latest 12 weeks, according to analysis from HDI, the leading provider of card spending insight and pricing data to the UK hospitality sector.

Fast Food & Takeaway, Coffee & Sandwich and Pizza Delivery continue to be the best performing sectors, all seeing double-digit growth over the 12 weeks ending 21 November 2023, with Delivery sales not far behind with growth of 7.7%.

Pubs & Restaurants saw mid-single-digit growth, with Casual Dining sales declining by 2.4%, according to analysis of HDI’s panel of 10.2 million unique customers.

Mark Bentley, business development director at HDI, said: “Headline inflation continues to ease, with average prices versus 6 months ago up by 3.5% on food and 3.9% on drinks from our tracking of more than 165,000 like-for-like site/item combinations in pubs & bars. Hopefully, we’re on track for a strong Christmas period, which will be our first “proper” Christmas trade since 2019 and we can enter 2024 with optimism for the year ahead.”

HDI’s panel tracks more than 160,000 individually identifiable hospitality venues including over 350 different brands and formats, with their pricing data covering c.15,000 hospitality venues and all major grocers.