Landlords who are renting a pub in London may be interested to hear that the city's bars, clubs and restaurants are enjoying improved sales and turnover, despite freezing conditions and the aftermath of the recession.
A survey of licensed properties for sale, rent & lease in the Square Mile by the London Chamber of Commerce and Industry revealed that nearly half (48 per cent) of managers said 2010 has seen better Christmas trading than last year, while 32 per cent said they could not see any difference between the two years.
Some 56 per cent reported more profitability in their business compared with 2009, while half said their turnover was up and 60 per cent revealed their sales had increased from 12 months ago.
Colin Stanbridge, chief executive of the representative organisation, commented: "Last year saw London's leisure and hospitality sector bounce back from the recession so it is particularly heartening to find that 2010 has been even better still.
"It is not only landlords that have reason to be happy though, our survey results show that City professionals again have money to spend as London's vital services industry continues its resurgence."
11 Jan 2011
Licensed property news: London's nightlife sector 'shows better sales and turnover'
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment