PUB VISITING - UK - MAY 2018

PUB VISITING - UK - MAY 2018

May 2018 Mintel Alcoholic BeveragesN/A Price :
$ 2694

Millennials are particularly likely to view pubs as all-round leisure experiences and are receptive to new and more unusual forms of entertainment. The difficulty for landlords will be to cater for these more open-minded pub-goers while also meeting the needs of more traditional patrons who tend to see the pub as a more relaxed venue.

Table of Contents

OVERVIEW
What you need to know
Covered in this report
EXECUTIVE SUMMARY
The market
Premiumisation helps drinks sales to rise strongly in 2017
Figure 1: Forecast for total UK pub industry revenues, 2012-22
Food becomes more important in many pubs
A changing pub landscape
Pub closures remain commonplace
Pub operators continue to face rising costs
The soft drinks levy arrives
Companies and brands
Market overview
Operator overview
The consumer
88% of Brits visit pubs
Figure 2: Visiting pubs/bars to eat or drink in, by time of day, March 2017 vs April 2018
Friends are key for driving pub visits
Visiting pubs with others generates the highest share of £25+ spending
Live music is the most popular source of entertainment for pub visitors
Figure 3: Pub activities and sources of entertainment, April 2018
Clean toilets and high quality food important for the majority
High prices and long waits are the main pub deterrents
Figure 4: Factors which deter pub visits, April 2018
What we think
ISSUES AND INSIGHTS
Drinks companies are rebuilding their pub estates
The facts
The implications
Rising wages put a further squeeze on profit margins
The facts
The implications
The importance of cask and pub/brewer collaboration
The facts
The implications
Pubs can act as entertainment venues
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
Premiumisation helps drinks sales to rise strongly in 2017
Food becomes more important in many pubs
A changing pub landscape
Pub closures remain commonplace
Pub operators continue to face rising costs
The soft drinks levy arrives
MARKET SIZE AND FORECAST
Increasing costs mean pubs need to grow sales to stand still
Food and drink sales boost pub revenues
Figure 5: UK pub industry market size and forecast, 2012-22
Figure 6: Forecast for total UK pub industry revenues, 2012-22
Forecast methodology
Premiumisation helps drinks sales to rise strongly in 2017
Figure 7: Estimated UK pub industry turnover, by segment, 2013-17
Figure 8: Forecast of UK pub industry turnover, by segment, 2018-22
Pub meals rising to account for nearly a third of pub sales
Soft drink sales stumble in 2017
MARKET SEGMENTATION
A changing pub landscape
Figure 9: Estimated composition of pub industry venue numbers, 2018
Figure 10: Estimated share of revenues in the pub industry, by type of venue, 2018
Managed pubs industry revenues
Figure 11: Turnover of selected leading managed pub operators in the UK, 2012/13-2016/17
Figure 12: Turnover of selected leading tenanted/leased pub operators in the UK, 2012/13-2016/17
The tenanted/leased segment struggles
Free houses on the up
MARKET DRIVERS
Brexit uncertainty for pubs sector
Pub closures remain commonplace
Pub operators continue to face rising costs
National Living Wage and National Minimum Wage
Apprenticeship Levy
Revaluation of business rates
Alcohol duty continues to rise
Figure 13: UK excise duty rates for beer and other alcoholic drinks, 2007-17
Utilities and live sport costs add pressures on publicans
Figure 14: Utility prices paid by non-domestic consumers (including the Climate Change Levy), 2007-17*
Sports TV subscriptions
New Pubs Code for tied leased and tenancy agreements
Late-night legislation remains a controversial subject
Additional late-night schemes and initiatives
Local Alcohol Action Areas
Best Bar None
Purple Flag
Business Improvement Districts
National Pubwatch
The soft drinks levy arrives
New alcohol guidelines and cutting back on alcohol
Pubs have less appeal to an ageing population
Figure 15: Change in age structure of the UK population, 2012-17 and 2017-22
COMPANIES AND BRANDS – WHAT YOU NEED TO KNOW
Market overview
Ei Group focuses more on managed operations such as The Craft Union Pub Company
Greene King’s Spirit estate boosts revenues
JD Wetherspoon continues to grow despite a reduced estate
Mitchells & Butlers (M&B) raises money by disposing of sites
Punch Taverns acquired by Heineken and Patron Capital
SELECTED LEADING COMPANIES
Market overview
Figure 16: Selected leading pub operators in the UK, by outlet numbers, 2013-17
Ei Group (formerly Enterprise Inns)
Company overview
Financial performance
Figure 17: Key financial data for Enterprise Inns (Ei Group) Plc, 2013-17
Figure 18: Enterprise Inns (Ei Group) Plc turnover, by segment, 2013-17
Selected recent activity and innovation
Greene King
Company overview
Financial performance
Figure 19: Key financial data for Greene King Plc, 2013-17
Figure 20: Greene King Plc revenue, by segment, 2013-17*
Selected recent activity and innovation
JD Wetherspoon
Company overview
Financial performance
Figure 21: Key financial data for JD Wetherspoon Plc, 2013-17
Selected recent activity and innovation
Mitchells & Butlers
Company overview
Financial performance
Figure 22: Key financial data for Mitchells & Butler Plc, 2013-17
Selected recent activity and innovation
Punch Taverns
Company overview
Financial performance
Figure 23: Key financial data for Punch Taverns Plc, 2013-17
Figure 24: Punch Taverns Plc revenue, by segment, 2013-17
Selected recent activity and innovation
THE CONSUMER – WHAT YOU NEED TO KNOW
88% of Brits visit pubs
Friends are key for driving pub visits
Visiting pubs with others generates the highest share of £25+ spending
Live music is the most popular source of entertainment for pub visitors
Clean toilets and high quality food important for the majority
High prices and long waits are the main pub deterrents
FREQUENCY OF VISITING PUBS/BARS
88% of Brits visit pubs
Figure 25: Visiting pubs/bars to eat or drink in, by time of day, March 2017 vs April 2018
Under-55s are key pub diners
Figure 26: Frequency of visiting pubs/bars/nightclubs to eat and drink in, April 2018
Men and younger consumers are core drinkers in pubs/bars
Figure 27: Visiting pubs/bars/nightclubs to drink in at different times of day, by gender and age, April 2018
PUB VISITING AND SPENDING HABITS
Friends are key for driving pub visits
Figure 28: People with whom pub drinkers visit pubs, April 2018
Visits with partners and families are also important …
… while 16% go to pubs alone
Visiting pubs with others generates the highest share of £25+ spending
Figure 29: Pub spending habits, April 2018
Visiting with a partner can also generate significant spending
Solo pub visits generate lower spending
PUB ENTERTAINMENT
Live music is the most popular source of entertainment for pub visitors
Figure 30: Pub activities and sources of entertainment, April 2018
Live sport appeals to many but can be divisive
‘Classic’ pub entertainment activities remain popular
Karaoke nights hold limited appeal
Newer types of entertainment can also resonate with many pub-goers
16% of pub-goers are attracted by four or more types of entertainment
Figure 31: Repertoire of pub activities and sources of entertainment, April 2018
PUB ENTICEMENTS
Clean toilets and high quality food important for the majority
Figure 32: Importance of pub features and facilities, April 2018
Good ranges of drinks also important
Figure 33: Importance of a good range of alcoholic and soft drinks, by gender and age, April 2018
Parking spaces are also important for the majority
Many pub-goers also like to visit with family and pets
Traditional features are important to 48% of pub-goers
PUB DETERRENTS
High prices and long waits are the main pub deterrents
Figure 34: Factors which deter pub visits, April 2018
Facilities such as seating are also important for many pub-goers
Loud venues can deter many pub-goers
Live sport remains divisive
APPENDIX – DATA SOURCES, ABBREVIATIONS AND SUPPORTING INFORMATION
Abbreviations
Consumer research methodology
APPENDIX – MARKET SIZE AND FORECAST
Best- and worst-case forecast data
Figure 35: Total pub industry revenues, best- and worst-case forecast, 2017-22
Figure 36: Alcoholic drink revenues in pubs, best- and worst-case forecast, 2017-22
Figure 37: Catering revenues in pubs, best- and worst-case forecast, 2017-22
Figure 38: Soft drink revenues in pubs, best- and worst-case forecast, 2017-22
Figure 39: Other item* revenues in pubs, best- and worst-case forecast, 2017-22
Figure 40: Forecast for pub alcoholic drink revenues, 2012-22
Figure 41: Forecast for pub catering revenues, 2012-22
Figure 42: Forecast for pub soft drink revenues, 2012-22
Figure 43: Forecast for other item revenues, 2012-22
Forecast methodology

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