Industry Analysis & Industry Trends
The Catering Services industry has recovered over the past five years after demand went stale in the aftermath of the economic downturn. The industry began the five-year period at a relatively low base and weak consumer and business confidence weighed on demand in key downstream markets. Although the industry began to recover in 2011-12, greater economic uncertainty during the following year dragged industry revenue back into decline as businesses continued to cut back on catered events such as corporate seminars and product launches. In recent years, a stronger economy has enabled consumers to grow in confidence, which has boosted demand for higher value catering services. Businesses have benefited from higher revenue, which has also supported profitability... purchase to read more
Industry Report - Industry Locations Chapter
Catering services are used by a wide range of business and consumers and as a result, the clustering of establishments generally reflects the distribution of disposable income and business activity across the country. The latest estimates from the Office for National Statistics (ONS) suggest that establishments are more concentrated in the South East corner of the United Kingdom.
London accounts for the largest proportion of industry establishments, with an estimated 20.5% being located in the area. London is the second most populous region in the United Kingdom and it also has the highest amount of economic activity, as many businesses are located in the capital. Thi.. purchase to read more