27/05/2026 09:41:00
Young's has announced its preliminary results for the 52 weeks ended 30 March 2026, which saw the pub operator's revenue cross the £500m mark, writes Pub & Bar. Total revenue for the period was up 4.6% to £508.2m, while adjusted EBITDA increased 1.4% to £115.2m. Its managed house EBITDA was also up, by 4% to £143.9m. The Simon Dodd-led business says its like-for-like revenue growth of 4.7% follows the excellent early spring weather and a record-breaking performance over the Christmas period. Adjusted profit before tax increased £1.5m to £53.1m.
The controversial co-founder of BrewDog is planning a comeback with a new beer company in which he will give shares to the retail investors who were wiped out in the sale of his Aberdeen-based brewer, reports the FT. James Watt is set to launch the "Second Best" beer company and is exploring giving shares to the "equity punks" whose retail investments in privately held BrewDog were wiped out earlier this year when the company was sold.
Haven chief executive Simon Palethorpe said the Blackstone-owned holiday park operator was "less comfortable with investments" in the current climate. Haven boss Simon Palethorpe said the holiday park operator would likely face a reduction in investment from its owners, US investment firm Blackstone, if the government's proposed holiday tax was rolled out across the UK. The proposed tax, which could see local councils and mayors add a fee of up to 5% to overnight hospitality stays, is forecasted to add up to £1.6b in taxes to holidaymakers by 2030, according to UKHospitality, reports The Caterer.
The UK eating out market will reach a value of £102.8bn in 2026, according to new forecasts, Restaurant Online reports. The market is expected to grow in value by 1.8%, a figure that has been revised down from the 2.24% forecast in February, according to the latest analysis from Lumina Intelligence. Lumia describes the growth in real terms as being 'inflation driven' and being reflective of price rises but declining penetration. Geopolitical tensions couples with record low consumer confidence have heightened financial anxiety, translating to cutbacks on eating and drinking out, while operators have been hit with the rising cost of goods, labour, and business rates, it says in its UK Eating Out Market Report.
Classic British Hotels has added The Mount Country Manor Hotel to its portfolio. The brand reports that the historic 4-star property perfectly embodies the collection's commitment to unique character, rich heritage, and outstanding service. The Grade II listed Victorian manor house is situated within four acres of gardens on the outskirts of Wolverhampton. The property features 67 stylishly appointed bedrooms and suites, including a premium serviced apartment located in a beautifully converted stable courtyard, reports The Hotel Magazine.
Wetherspoon has announced it will open its first pub in London's theatreland, partnering with real estate business Criterion Capital, reports Pub & Bar. It will open in the London Trocadero at 30 Shaftesbury Avenue. The new venue, Piccadilly Hall, takes its name from the historic Piccadilly Hall which once occupied part of the Trocadero site and gave Piccadilly Circus its name. Backed by a multi-million pound investment, Piccadilly Hall will form part of Criterion's wider strategy to reposition the Trocadero and surrounding estate as a "major hospitality and entertainment destination" in the West End.
UK football fans are expected to spend £898m in hospitality during the 2026 World Cup this summer -- more than double the £442m spent during the 2022 tournament, The Caterer reports.