2008 Could Be a Particularly Gloomy One for Public Houses with Trading Problems Piling up for Many Pubs.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c91386) has announced the addition of "Public Houses Market Report Plus 2008" to their offering. The scale of the predicted economic downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. -- 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 en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. public places (in force throughout the UK since July 2007) have yet to be measured. These factors mean that we are 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 PS16bn 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 mayhem (mā`hĕm, mā`əm), in common law, the crime of willfully injuring a person so as to diminish his or her capacity for self-defense. of liberalised licensing (i.e. `24-hour drinking') did not materialise Verb 1. materialise - come into being; become reality; "Her dream really materialized" materialize, happen hap, happen, occur, come about, take place, go on, pass off, fall out, pass - come to pass; "What is happening?"; "The meeting took place off without 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 Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-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 corollary: see theorem. , 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 Punch Taverns plc (LSE: PUB) is the largest pub and bar operator in the United Kingdom, with around 9,500 tenanted and managed pubs. It is headquartered in the traditional brewing centre of Burton upon Trent in Staffordshire. The current CEO being Giles Thorley. 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, we are 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. Key Topics: - Market Definition - Market Size - Industry Background - Competitor Analysis Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. Created by Michael Porter competitor analysis focuses on four key aspects: competitor's objectives, competitor's assumptions, - Brand Strategy - Strengths, Weaknesses, Opportunities and Threats - Buying Behaviour - Current Issues - The Global Market - Forecasts - Company Profiles - Further Sources Companies mentioned: - Enterprise Inns Plc - Greene King Plc - Marston's Plc - Mitchells & Butlers Plc - Punch Taverns Plc - JD Wetherspoon Plc For more information visit http://www.researchandmarkets.com/reports/c91386. |
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