Pub Visiting - UK - May 2014
Times have changed for the pub industry and publicans should be carefully working out how to tailor their food menus, for example by using local ingredients and tiering prices, to their customers to stave off competition from other pubs and restaurants.
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Table of Content
Introduction
Definition
Abbreviations
Executive Summary
The market
Figure 1: Forecast for UK pub industry revenues, 2008-18
Figure 2: Structure of the UK pub industry, by ownership/tenancy type, 1992-2012
Market factors
Declining alcohol consumption plays a part in fall in pub visits
The pressure of rising costs
Consumer confidence bounces back
Population changes will have an impact…
…as will external factors
Companies, brands and innovation
The consumer
One in five adults drink in pubs weekly
Figure 3: Frequency of visiting pubs/bars to drink and eat in, February 2014
Quality of food and service are most important factors for pub visits
Figure 4: Important factors during pub visits – Any mention of importance, February 2014
Some 46% of pub visitors think it is important for pubs to offer high-quality food
Figure 5: Attitudes towards pubs, February 2014
Recommendations key for pubs
Figure 6: Engagement with pubs outside visiting, February 2014
What we think
Issues and Insights
The rejuvenation and importance of ‘pub grub’
The facts
The implications
Live sports on TV are a ‘nice to have’ rather than a ‘must have’
The facts
The implications
Pubs also need to tap into the family market
The facts
The implications
Many pubs that have survived are well placed to now thrive
The facts
The implications
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Trend Application
Trend: Locavore
Trend: Access All Areas
Mintel Futures: Old Gold
Internal Market...