We have written before about the tough times facing many British pubs.
So it is nice to hear some good news from the sector.
According to a new study, the top 50 bars and pubs across the UK recorded a 4 per cent rise in year-on-year turnover to October, 2018.
Twelve month turnover for the 50 largest pub groups increased to £11.7bn, representing a £1.6bn rise since 2001. Mergers and acquisitions of pubs and bars, which also helped to streamline costs, was one of the main reasons for the year-on-year rise in turnover.
The growing popularity of craft beer and price increases for pints also contributed to the increase in turnover. Higher margins on craft beer helped pubs charge a record average of £3.58 for a pint of beer in September.
The sector, however, continues to face a number of challenges relating to Brexit, staff shortages, the increase in business rates and the growing convenience of food delivery services.
The full story can be found here.