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Welcome to the October edition of Bord Bia's Ireland Market Foodservice Newsletter.

Great to see a number of industry events back in the calendar over the coming months, with Food on the Edge taking place at Airfield, Dublin October 18th-19th and CATEX back at the RDS  November 2nd - 4th

Separately, we are delighted to confirm that registration for Bord Bia’s Irish Foodservice Seminar is now open! The event is taking place in the RDS Dublin on Wednesday, December 8th from 10AM – 3PM. In-person numbers are limited to 150 guests and will be allocated on a first-come, first-served basis.  We will also be live-streaming the event for those that cannot make it in person. For more information and to register your place, visit our website here 

 

General Industry News

 

Hospitality groups express disappointment at ending of reduced VAT rate next August

www.thejournal.ie - 12.10.2021

Lobby groups representing the hospitality industry have expressed disappointment that the reduced VAT rate for the sector will end next year. The Minister for Finance Paschal Donohoe confirmed that the 9% rate will finish – as planned – at the end of August 2022.  The Irish Hotels Federation called on the Government to extend the 9% rate until after 2025 in order to safeguard overseas tourism recovery and competitiveness. Adrian Cummins of the Restaurants Association of Ireland said Budget 2022 was “disastrous” for the industry. The Licensed Vintners Association (LVA) said the budget was generally positive for the hospitality sector but warned the VAT increase coming next September will be a serious problem.

 

Forecasts doubled for economic growth this year

RTE – 30.09.2021

Forecasts for economic growth this year have been revised significantly upwards by the Department of Finance. When measured by GDP, the department said the economy is forecast to grow this year by 15.6%. This is a revision upwards from just over 8.8% in the Summer Economic Statement. When measured by Modified Domestic Demand, which more accurately reflects the domestic economy, growth is forecast to be 5.25% this year and 6.5% in 2022. This is around twice as fast as was previously thought.

 

Quick Service Restaurant (QSR) & Pub Sector

 

Dominos plans recruitment drive in UK and Ireland

The Irish Times - 14.10.2021

Pizza giant Domino’s has said it plans to hire more than 8,000 drivers across the UK and Ireland as part of preparations for the busy Christmas period. It comes as the takeaway firm updated shareholders on its trading over the past three months. The company said sales in the 13 weeks to September 26th were up 8.8 per cent on a like-for-like basis to £375.8 million. Orders collected from stores — a key area of growth for the business — were up 40.3 per cent and stand at 82 per cent of pre-pandemic levels.

 

Alcohol consumption in Ireland decreased by 10.8% in first half of 2021

Hospitality Ireland – 09.09.2021

Drinks manufacturers and suppliers representative group Drinks Ireland said in a statement, "New Revenue Clearance figures show that alcohol consumption fell by 10.8% in the first half of 2021 (January-June), compared with the same period last year. "This fall is a result of the closure of the hospitality industry, but is also in line with the long-term trend of consumption declining in Ireland, according to Drinks Ireland, which represents drinks manufacturers and suppliers. The new figures confirm that alcohol consumption declined dramatically as a result of COVID-19. The figures from the first half of 2021 are down by 14.1% compared with the same period in 2019, before the pandemic hit."

 

Hotel & Restaurant Sector

 

Restaurants in suburbs and staycation destinations recovering more strongly than those in Dublin City, according to new data

Hospitality Ireland – 07.09.2021

Food businesses in the suburbs and staycation destinations are recovering much more strongly than those in Dublin city, according to new data from food ordering service Unify Ordering. Unify Ordering has reportedly seen particularly strong orders from restaurants in the south-east, with orders in Wexford reportedly growing by over 70%, and the south-west has reportedly also grown strongly, but the west reportedly has not performed as well.

 

Dalata to create 600 jobs at new and existing hotels

RTE – 28.09.2021

Ireland's largest hotel group, Dalata, is to create nearly 600 jobs across its expanding network of Maldron and Clayton hotels both here and in the UK. The company said occupancy levels in its existing 45 hotels across both countries are rising. It is also in the process of building 11 more properties, which will need to be staffed as they open. "As travel opens up further around the world, we look forward to welcoming back international guests to our hotels in greater numbers," said Dermot Crowley, Dalata CEO designate. Locations for the roles include Dublin, Limerick, Cork, Belfast, Galway, Wexford, Derry, Sligo, Portlaoise, London, Cambridge, Manchester, Birmingham, Newcastle Upon Tyne, Leeds and Cardiff.

 

Casual Dining & Contract Catering Sector

 

Office rentals rise sharply as Covid restrictions ease

Irish Times – 07.10.2021

The take-up of office space in Dublin rose sharply in the third quarter of the year as the loosening Covid-19 restrictions turned attention to the post-pandemic work environment. Research from professional services firm JLL, which tracks Dublin office market deals, found take-up of space in the three months to the end of September was almost 428,000 sq ft, a significant rise on the 45,000 sq ft in the first quarter and 216,000 sq ft in the second. A total of 43 deals were recorded in the latest quarter, although the three-month period was still down on previous average quarterly volumes.

 

Irish Village Markets Partners with Compass Group

www.fft.ie – 16.08.2021

Foodservice provider Compass Group Ireland has agreed an exclusive partnership with Irish Village Markets (IVM), which will see latter’s artisan food vendors bring their range of cuisines to employees on-site at workplaces in Ireland for the first time. Employees returning to workplaces will now be able to enjoy a range of food options served on-site by IVM vendors such as Meat Mafia BBQ, Jaru’s gourmet Korean soul food, and Shaka Poké.