They are still in the vast majority, but it has been so long and so quickly since so many have disappeared. According to the latest official data in the table, Spain 2023 started with 168,065 bars open; that’s about 7,800 fewer than those detected in the same photo taken just a year ago. This loss, which is equivalent to 4.4% fewer “liquor establishments” in percentage terms, is slightly higher than the loss incurred throughout 2020, making it the worst in a decade.
This is stated by the information. National Institute of Statistics (INE) manages hospitality of spainThe trade body representing the nation’s restaurants, bars, cafes and pubs, which presents its 2023 Yearbook this Tuesday. This organization talks about: An industry in recovery finally leaving behind most of the potholes caused by the epidemic in 2023; Data shows that this market started the year in a very bad situation, at least in terms of the number of businesses opened.
The main reason for this closing of barsdating back to 2010 (when the sample was around 200,000 businesses) and those responsible for the report fixing excess supply already one The natural evolution of the types of businesses customers are looking for today. “Many bars closed, restaurants and cafes opened,” according to analysis from Hospitality of Spain.
However, what is interesting is that the number of “food businesses” also decreased last year. If on January 1, 2022 there were 83,800 restaurants (4% more than the previous year), on January 1, 2023 this figure had decreased to 82,900. Like this, The latest balance sheet shows a total of 270,600 food and beverage service establishments are Spanish-owned3% less than a year ago.
“It left its mark on 2022 strong inflationAffecting both companies and consumers’ pockets”, this document states president of the organization, José Luis Yzuel. “In 2022, the sector experienced an increase in the recovery of pre-pandemic data, although it was affected by the impact of the Ukrainian war and the economic crisis. General increase in energy and raw material costs This negatively affected its profitability,” the report’s authors later add.
More turnover, positive balance
Despite all this, the reading is positive. First, because The sector is growing on the accommodation side (There were 3% more companies dedicated to the hospitality business at the beginning of 2023); later, because despite the closures, this market produced more in 2022 (equivalent to 90,700 million euros for restaurants and 32,160 million euros for accommodation) compared to 2021 and 2020; and finally, the amount companies earn (regardless of whether it is more or less) is also increasing.
Specifically, and although the curve tends to flatten, Turnover of restaurants and bars in Spain in January increased by 20% compared to a year ago. On average, there is a 9.2% increase in income through September. “We are seeing a trend towards a higher quality business model targeting customers with more purchasing power,” says one of the people responsible for the report, adding the impact of inflation and the increase in sales prices. in the restaurant.
Therefore, the general conclusion is that 2023recovery of overall normality and pre-pandemic figures” -Yzuel notes “some clients who are not experiencing a strong consumer crisis despite the instability framework” and “companies that have begun to review their income statements to regain profitability.”
According to the report’s conclusion, the only thing keeping the industry awake is the possibility of peak sales and activity development. “In a positive scenario demand stabilitywith Good development of household disposable incomeAnd Financial performance of companies is better than expectedAs, we find several critical points that may affect the demand and development of accommodation businesses in the coming year (latest document); for example: development of employmentHow does it affect increase in interest ratespolitical instability and price development“.