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Economy

Pub Visits Froth Following Monday Reopening

Source: https://huq.io/indicators/pub-visits-froth-following-monday-reopening/

Visits to the UK’s pubs spiked up to 60pts this week, with high-frequency geo-data showing how Monday’s easing is of restrictions has drawn millions to the nation’s beer gardens.

The Huq Index had recorded only nominal visits to pubs since the start of the year, which can be largely attributed to staff and venues which offer takeaway food. However, following the first phase of hospitality’s reopening on Monday, Huq’s single day measure shows a jump of 60pts+ supporting reports that many have rushed to book outdoor tables.

Across the Foodservice sector as a whole, Quick Service Restaurants have adapted best to trade under lockdown, with fast food visits holding relatively steady at around 50% of ‘usual levels’ during the last few months. Restaurants also display this trend but to a more modest extent.

If this trend holds over the coming days, the official Huq Index for Restaurants & Pubs – which is presented using a 14 day rolling average, will reflect this new dynamic over the coming days. With strong pub numbers despite a blanket ban on indoor dining still in place, predications of a ‘summer of spending’ could well turn out right.

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

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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