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Restaurants Wobble Without ‘Eat-Out-to-Help-Out’ Support

Source: https://huq.io/indicators/restaurants-wobble-without-eat-out-to-help-out-support/

Much needed stimulus for the UK’s restaurants industry resulted in value able gains throughout August as Chancellor Riki Sunak’s Eat-Out-to-Help-Out campaign led visits back to 85% of 2019 levels. In the fortnight since that support was withdrawn however, visits to the nation’s eateries appears to be wavering according to new data from the Huq Index for Restaurants & Pubs released today.

The UK’s pubs sector however appears to be more resilient. While the indicator trend has also ceased in its ascent, it remains relatively stable at close to 50% of year-on-year levels. Whether this relative performance is reflective of easier social distancing in pubs or British leisure-time priorities, the nation currently appears to favour drinking on an empty stomach. But With new cases spiralling once again in the UK and the ‘Rule of Six’ coming into effect from today, time will reveal how long this trend continues.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us