Pubs enjoy bumper bank holiday profits
1st September 2016
British pubs enjoyed one of their most profitable weekends of the summer season over the bank holiday weekend, with each pub on average receiving an additional £905 in sales across the weekend.
The survey conducted by Epos Now, also revealed that an additional £45,250,000 was pumped into the pub industry across the three days, which was an extra £3,400,000 on last year’s August bank holiday takings.
Of the 500 pubs polled, the study also discovered that sales on bank holiday Sunday increased by 52% in comparison to the Sunday prior. However it was a Monday boom that prompted a celebration for publicans, with revenue figures posting a gigantic 172% increase in comparison to the previous working Monday.
The bank holiday weekend also proved to be a profitable weekend for hoteliers, with Pre-booked hotel occupancy rates increasing from 67% - 93% in comparison to a normal summer weekend, according to an Epos Now survey of 320 hotels across the UK.
Epos Now, CEO Jacyn Heavens said: “Unsurprisingly it has been a very profitable weekend for the UK hospitality industry, but it was a surprise to see such a dramatic increase in revenue on the Monday. It is vital to be able to monitor and obtain this data so businesses are able to cope with this spike in demand and keep an eye on their stock levels as well as their cash flow.”