Sharp slowdown in branded coffee shop growth

first_imgBrexit uncertainty and tough high street trading have taken their toll on branded coffee shop openings, according to a new study.The UK branded coffee shop market grew by just 70 outlets in 2019 to 8,222, an increase of 0.9% year-on-year, according to Project Café UK 2020, Allegra World Coffee Portal’s report on the UK café industry.Twelve months ago, researchers reported that the market had grown 8.7% year-on-year.The cost of property, labour and the impact of Brexit were cited as the top three challenges facing coffee shops, with 56% of industry leaders believing there was still plenty of growth potential for branded café chains in the UK.Allegra expected reduced uncertainty on the UK’s future relationship with the European Union, alongside major merger & acquisition activity including Coca-Cola’s purchase of Costa Coffee and Causeway Capital’s rebuilding of the Patisserie Valerie brand, to bring increased investment and outlet growth in 2020.“Following two years of tough trading, the UK coffee shop market has held up well against significant headwinds,” said Allegra Group CEO and founder Jeffrey Young.“We expect outlet growth to regain momentum during the next two to three years and forecast better times ahead for those operators that can readily capitalise on the opportunities and adapt to the challenges in what will remain a highly competitive market.”World Coffee Portal has forecast further transformation in the industry in 2020, with major brands launching new formats, including travel kiosks, drive-throughs and specialised sub-brands.It expected the UK branded coffee shop market to top 9,400 outlets by the end of 2024, displaying a five-year CAGR of 2.7%.last_img read more

World-famous adventurer inspires at stunning Marble Hill gathering

first_imgOver 200 delegates were treated to some of the most stunning coastal views of Donegal today when they attended the ‘Connecting our Coastline’ Marine Tourism Conference in the Shandon Hotel at Marble Hill in Dunfanaghy. Delegates heard from a number of inspiring speakers including world famous marine biologist and Monty Halls as well as the Marine Institutes Thomas Furey, entrepreneur Naomh McElhatton, Clean Coasts Officer Beckey-Finn Britton and local businessman Jim Muldowney.This conference was hosted by the Donegal County Council’s Tourism Unit and was co-funded by the Marine Institute. Cathaoirleach Cllr. Gerry McMonagle believes that hosting a conference of this nature in such a stunning location highlights for us all the wonderful resource that we have in Donegal. “This conference is about providing businesses and organisations with a platform for networking and knowledge exchange.  We have common aims and objectives and want the very best for the development of marine tourism in Donegal. This is a forum in which we can exchange information about our businesses, develop new connections and explore opportunities for collaboration.”Iga Lawne (DCC), Shane Smyth (DCC), Barney Mclaughlin (DCC) Liam Ward (DCC) Cllr Niamh Kennedy, Thomas Furey Joint Programme manager, Marine Institute, Jim Muldowney, Dive Arranmore Charters, Monty Halls, Naomh McElhatton, SMART NI, Beckey-Finn Britton Clean coasts officer for Donegal and Leitrim, Joy Harron (DCC), Cllr Gerry McMonagle Cathaoirleach, Joan Crawford Failte Ireland and Seamus Neeley (DCC)Celebrating international womens day, Anne Marie Conlon (DCC) Alana Greene (DCC), Cllr Niamh Kennedy, Joy Harron (DCC), Evelyn McMarketing, Becky Finn Britton, Jacqueline Lynch (DCC), Joan Crawford Failte Ireland, Iga Lawne (DCC) and Elaine McInaw marketing manager for Abbey and Central hotelsAlso speaking at the conference Seamus Neely, Chief Executive of Donegal County Council gave an overview of the extensive programme of work being delivered by the Councils Tourism Unit with a view to developing the Marine Tourism Sector in the county.He said “Today’s gathering demonstrates the wonderful drive and enthusiasm here in Donegal towards marine tourism.  People want to connect and by working together we can harness the power of collaborative development in this sector.  By having events such as this we have an opportunity to share insights and thought provoking expertise that will allow us to be creative and innovative in our approach to maximising the potential of this sector for the benefit of the county and the entire region.” Monty Halls certainly inspired those attending the event with his own insights, experiences and thoughts on how Donegal can maximise the value of our outstanding natural resources in a proper and sustainable way. Monty Halls marine biologist, broadcaster and adventurer speaking at the Marine Toursm Conference at the Shandon Hotel in Marble Hill Strand, DufanaghyThomas Furey from the Marine Institute presented details on the Irish national seabed mapping programme which is being delivered in partnership with Geological Survey Ireland while Naomh McElhatton gave a vibrant presentation on how businesses can work smart and use online opportunities to grow their business.  She also gave the audience a glimpse of where the market is going with new virtual and AI technologies and the exciting opportunities that exist for tourism businesses in this area.Carolynne Harrison General Manager from the Shandon Hotel with Naomh McElhatton Becky-Finn Britton shared her passion for the sea and outlined the great work that is being done under the Clean Coast programme working with communities and local authorities along the coast.  Jim Muldowny from Dive Aranmore Charters talked about his own successful business and about promoting the islands and coastal areas of the Rosses as a destination for enthusiasts of marine and coastal based activities.World-famous adventurer inspires at stunning Marble Hill gathering was last modified: March 8th, 2018 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more