Whisky made in 2020 ‘most valuable in history’

Casks of whisky produced in 2020 are forecast to be highly valuable in the coming decades due to the industry’s drop in production. Cask whisky investment company Whiskey and Wealth Club predicts that this year ‘marks a significant time for the history of the whisky industry’. The company said the value of whisky is based on three factors: age, brand and quantity produced. The Covid-19 pandemic forced many distilleries to shut temporarily earlier this year.…

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Half of hospitality workers fearful over job security

More than 50% of hospitality workers are concerned about their job security amid the pandemic, according to a new survey. A new report from recruitment platform Jobs.ie found that 54% of employees in the hospitality sector were concerned about the security of their job in the weeks and months ahead as a result of the Covid-19 pandemic. The report also found that 100% of those polled had reconsidered their future in the industry as a…

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Alcohol retail sales forecast to hit £25.5bn in 2020

The value of off-trade alcohol sales in the UK is predicted to grow by double digits to reach £25.5 billion (US$33.8bn) this year due to the rise of at-home drinking. According to Mintel’s British Lifestyles report, total UK consumer spending is expected to fall by 14.9% to £183.6bn (US$243.8bn) this year due to the coronavirus lockdowns. However, the three sectors that will experience the biggest increase in consumer spending this year are food, alcohol, and…

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Survey warns 72% of on-trade venues face closure

Almost three quarters of UK hospitality businesses fear they may be forced to close in 2021 without further government support, according to a new study. The CGA study, commissioned by trade bodies the British Beer & Pub Association, the British Institute of Innkeeping and UK Hospitality, found 72% of businesses in the hospitality sector expect to become unviable and close in 2021. The trade groups are urging the UK government to offer greater financial aid,…

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New York bars to close at 10pm

Bars and restaurants in New York must close at 10pm from tomorrow (13 November) under new measures to stem the spread of Covid-19 across the city. Andrew Cuomo, governor of New York, announced on Wednesday (11 November) that bars, restaurants and other State Liquor Authority licensed establishments will be required to close from 10pm until 5am daily. Restaurants will still be allowed to offer curbside pickup options for food orders, but will not be permitted…

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