CGA Peach’s Trading Index, which collates sales information from over 6,000 managed pubs, bars and restaurants, found that high street bars situated on so-called ‘drinking circuits’ have seen a significant growth in sales of late, with like-for-likes in London up by 5.3 per cent.
Food is at the heart of that success, with like-for-likes up by 9.5 per cent and combined sales of starters, sides and mains up by a third.
“Anybody who goes into trade will recognise that circuit bars are changing,” said CGA Peach’s director Scott Elliot. “Led by changing consumer expectations, many circuit bars now have the ability to meet more varied needs via all day operations, distinct day part strategies and a better food offer.
“These types of flexible outlets are increasingly a threat to informal dining operators and provide consumers with both food and drink experiences in line with the latest trends.”
Wet sales in this segment are also generating growth with a more modest 4 per cent increase.