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Pubs and restaurants lost £55m worth of business during Olympics

16 November 2012 by
Pubs and restaurants lost £55m worth of business during Olympics

The Olympics and Paralympics cost the UK pub and restaurant market around £55m in lost business, according to market analyst Horizons.

This figure equates to around 0.1% of the total eating out expenditure this year and is below the company's earlier estimate of around £75m.

Casual diners are believed to have lost £26m in revenue, while and fast food operators were down by £27m. Pubs are thought to have lost around £11m and hotels £14m, with concession restaurants and other operators located within Olympic venues seeing business increase by around £23m.

July sales prove disappointing for pubs and restaurants >>

Olympics were ‘bad for business' say the majority of operators >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

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