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Published by: Key Note Publications Ltd
Published: Apr. 1, 2008 - 116 Pages
Table of Contents
- Executive Summary
- 1. Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- By Ownership
- By Trading Pattern
- MARKET TRENDS
- Impact of the Beer Orders
- Long-Term Trends in Demand
- Recent Market Trends
- ECONOMIC TRENDS
- Population
- Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2003-2007
- Gross Domestic Product
- Table 2: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2003-2007
- Household Disposable Income
- Table 3: UK Household Disposable Income per Capita (£), 2003-2007
- Inflation
- Table 4: UK Rate of Inflation (%), 2003-2007
- Unemployment
- Table 5: Actual Number of Unemployed Persons in the UK (million), 2003-2007
- MARKET POSITION
- The UK
- Overseas
- 2. Market Size
- THE TOTAL MARKET
- Table 6: Turnover for UK Pubs at Current Prices and Constant 2003 Prices, and Number of UK Pubs (£m at rsp and number), 2003-2007
- Figure 1: Turnover for UK Pubs at Current Prices (£m at rsp), 2003-2007
- BY MARKET SECTOR
- By Ownership
- Table 7: UK Pubs by Type of Owner (number and %), 2007
- By Trading Pattern
- Traditional versus Modern
- Destination versus Community
- Drink versus Food
- Table 8: Product Mix in the Typical UK Pub by Value (£m at rsp and %), 1990-2008
- 3. Industry Background
- RECENT HISTORY
- NUMBER OF COMPANIES
- EMPLOYMENT
- REGIONAL VARIATIONS IN THE MARKETPLACE
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- KEY TRADE ASSOCIATIONS
- Association of Licensed Multiple Retailers
- British Beer & Pub Association
- Independent Family Brewers of Britain
- Other Organisations
- 4. Competitor Analysis
- THE MARKETPLACE
- Break-up of the `Big Six'
- Growth of National `Pubcos'
- Regional Brewing Consolidation
- MARKET LEADERS
- Table 9: The UK's Largest Pub Companies by Number of Pubs, 2005 and 2008
- Table 10: The UK's Largest Managed Pub Estates by Number of Pubs, 2008
- Mitchells & Butlers PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Punch Taverns PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Enterprise Inns PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Greene King PLC
- Company Structure
- Current and Future Developments
- Financial Results
- JD Wetherspoon PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Marston's PLC
- Company Structure
- Current and Future Developments
- Financial Results
- OTHER COMPANIES
- Other Tenanted/Leased Estates
- Other Managed Estates
- Other Regional Brewers' Estates
- Table 11: The UK's Leading Regional Brewers by Number of Pubs Owned, 2008
- Late Bars and Nightclubs
- OUTSIDE SUPPLIERS
- The Supply of Beer
- Table 12: The Leading Brewers for the UK Market and Their Major Beer Brands, 2008
- The Supply of Other Drinks
- 5. Brand Strategy
- INTRODUCTION
- LEADING BRANDS
- Mitchells & Butlers
- The Laurel Pub Company
- Other Brands
- Table 13: Selected UK Pub Brands and Concepts by Number of Outlets, 2008
- `Unbranded' Pubs
- MARKETING ACTIVITY
- Main Media Advertising
- Table 14: Main Media Advertising Expenditure by Pubs and Pub-Restaurants (£000), Years Ending December 2004-2007
- Other Marketing and Promotion
- 6. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 7. Buying Behaviour
- INTRODUCTION
- ATTITUDES TOWARDS PUBS
- Table 15: Changes that Consumers Would Like to See in Pubs (% of adults), 2007
- Table 16: Changes that Consumers Would Like to See in Pubs — Underage Drinking, Smoking and Binge Drinking (% of adults), 2007
- Table 17: Changes that Consumers Would Like to See in Pubs — Better-Maintained Toilets, Return to Tradition and Better Food (% of adults), 2007
- OCCASIONS FOR USING PUBS
- Table 18: Use of Pubs in Great Britain by Time and Purpose of Visit (% of adults), 2002, 2006 and 2007
- Table 19: Regular Users of Pubs — Weekends, Day Trips, Lunchtime and After Work (% of adults), 2007
- Table 20: Regular Users of Pubs — Eating Meals, Celebrations, Meeting Friends and Family Occasions (% of adults), 2007
- Table 21: Regular Users of Pubs — Entertainment, Watching Sports and Pub Quizzes (% of adults), 2007
- DRINKERS OF ALCOHOL
- Table 22: Drinkers of Alcohol by Sex, Age and Social Grade (% of adults aged 15+), 2007
- FAVOURITE ALCOHOLIC DRINKS
- Table 23: Favourite Alcoholic Drinks (% of adults), 2005 and 2008
- 8. Current Issues
- RECENT MARKET SURVEYS
- CORPORATE DEVELOPMENTS
- 9. The Global Market
- INTRODUCTION
- EQUIVALENT OUTLETS IN THE GLOBAL MARKET
- GLOBALISATION IN BREWING
- 10. Forecasts
- INTRODUCTION
- Population
- Table 24: Forecast UK Resident Population by Sex (000), Mid-Years 2008-2012
- Gross Domestic Product
- Table 25: Forecast Growth in UK Gross Domestic Product in Real Terms (%), 2008-2012
- Inflation
- Table 26: Forecast UK Rate of Inflation (%), 2008-2012
- Unemployment
- Table 27: Forecast Actual Number of Unemployed Persons in the UK (million), 2008-2012
- FORECASTS 2008 TO 2012
- Table 28: Forecast Turnover for UK Pubs at Current Prices, and Forecast Number of UK Pubs (£m at rsp and number), 2008-2012
- MARKET GROWTH
- Figure 2: Turnover for UK Pubs at Current Prices (£m at rsp), 2003-2012
- Figure 3: Number of Pubs in the UK, 2003-2012
- FUTURE TRENDS
- Corporate Structure
- General Growth Prospects
- Impact of Legislation
- Adapting to Legislation and Consumer Demand
- 11. Company Profiles
- Enterprise Inns Plc
- Greene King Plc
- Marston's Plc
- Mitchells & Butlers Plc
- Punch Taverns Plc
- JD Wetherspoon Plc
- 13. Further Sources
- Associations
- Publications
- General Sources
- Government Sources
- Other Sources
- Bisnode Sources
AbstractIf 2007 was a dramatic year for the pub trade, then 2008 could be a particularly gloomy one, with trading problems piling up for many pubs.
The scale of the predicted economic downturn — the result of a global `credit crunch' — is unclear, but consumer confidence is falling steeply, as are sales of beer in pubs, and the full effects of the ban on smoking in enclosed public places (in force throughout the UK since July 2007) have yet to be measured. These factors mean that Key Note is forecasting a further decline in pub turnover in 2008, similar to the decline seen in 2007.
Despite these declines, the pub market remains a huge one, worth an estimated £16bn in 2007, and the survival of so many traditional venues for eating and drinking (there are around 57,500 pubs across the UK) is perhaps the outstanding feature of the market. Licensing is one area in which the pub market changes only slowly. The widely predicted mayhem of liberalised licensing (i.e. `24-hour drinking') did not materialise and the majority of UK pubs have stuck to their original hours of trading.
Food sold in pubs accounts for 33% of the UK market for eating out, and the long-term trend toward pubs making an increasing share of their income from meals, rather than draught beer, is continuing, boosted by the ban on smoking. As a corollary, small `community' pubs without catering facilities or a suitable outside space for smokers are struggling to survive.
2008 could also bring some dramatic changes in pub ownership. A proposed merger between the UK's two largest pub companies, Punch Taverns and Mitchells & Butlers, would produce a 10,000-pub giant, and private equity is poised to play a larger role in the pub market. Also influential would be a proposed takeover by Carlsberg and Heineken of the UK's largest brewer, Scottish & Newcastle, which has a 2,200-strong pub estate.
Beyond 2009, Key Note is predicting a modest recovery for the industry as pubs continue to adapt to new consumer demands (e.g. for food, wines and live entertainment) and to various government restrictions.
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