{"id":179474,"date":"2023-08-03T11:27:39","date_gmt":"2023-08-03T11:27:39","guid":{"rendered":"https:\/\/precoinnews.com\/?p=179474"},"modified":"2023-08-03T11:27:39","modified_gmt":"2023-08-03T11:27:39","slug":"price-of-beer-rockets-by-25p-to-7-10-at-some-wetherspoon-pubs","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/price-of-beer-rockets-by-25p-to-7-10-at-some-wetherspoon-pubs\/","title":{"rendered":"Price of beer rockets by 25p to \u00a37.10 at some Wetherspoon pubs"},"content":{"rendered":"
Holiday goers who are after an airport pint will have to pay a whopping \u00a37.10 at Wetherspoon’s branches, amid soaring inflation.\u00a0\u00a0<\/p>\n
A pre-holiday pint has become a tradition for many Brits but those travelling from Gatwick, Heathrow, Stanstead and Edinburgh airports could be in for a shock when they pay the bill.\u00a0<\/p>\n
Belgian beer Leffe has seen a price hike of 3.5 per cent at certain Wetherspoon pubs, with the cost rising from \u00a36.85 to \u00a37.10, The Sun reported.\u00a0<\/p>\n
Many pints sold at the Wetherspoon chain are nearing \u00a37, including Corona, San Miguel and Stella Artois.\u00a0<\/p>\n
This follows a giant increase in the price of the pub’s food meal deals by up to 75p and its drinks by 25p.\u00a0<\/p>\n
<\/p>\n
Belgian beer Leffe has seen a price hike of 3.5 per cent at certain Wetherspoons pubs<\/p>\n
Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said the price hikes will leave a ‘bad taste’ in the mouths of sun-seekers.\u00a0<\/p>\n
He added: ‘Brits hoping to start their holidays with a relaxing pint in the airport will need deeper pockets this summer.’<\/p>\n
The chain has been trying to lure customers back in recent months, as sales remain below pre-pandemic levels.<\/p>\n
Chairman Tim Martin recently claimed supermarkets had taken up to half the industry’s trade as more people choose to drink at home to cut back on costs.<\/p>\n
He added that pubs including Wetherspoon were vulnerable to competition from shops as supermarkets do not pay VAT on food sales while bars and restaurants pay 20 per cent.<\/p>\n
Mr Martin said in a trading update in January: ‘We estimate that supermarkets have taken about half of the pub industry’s beer volumes since Wetherspoon started trading in 1979, a process that has likely accelerated following the pandemic.’<\/p>\n
The business, known for low-cost food and drink across its 843 UK pubs, has said prices could rise again if sales don’t improve.\u00a0<\/p>\n
<\/p>\n
Wetherspoon at Gatwick Airport (pictured) where holiday goers can expect to pay \u00a37.10 for a pint of beer<\/p>\n
On March 24 it reported a pre-tax profit of \u00a34.6million for the 26 weeks to January 29, but this was 91 per cent down from \u00a350.3million pre-pandemic.\u00a0<\/p>\n
Wetherspoon has\u00a0closed 29 pubs this year with 22 more at risk of being axed\u00a0amid cost pressures.<\/p>\n
The hospitality company said ‘almost all’ of the pubs facing closure were located nearby another.<\/p>\n
A spokesperson for the chain said prices are higher than average at airports.<\/p>\n
The cheapest pint of Carling in the country is reported to be on offer at The Wilfred Owen in Shropshire at just \u00a31.99.\u00a0<\/p>\n
The pub chain has opened three new venues this year and the chain is setting their sights ahead to the next financial year.<\/p>\n
In a pre-close trading update published in July, Tim Martin, said the following:<\/p>\n
‘The company expects profits in the current financial year to be in line with market expectations<\/p>\n
‘As a result of a continued improvement in sales and a slightly reduced expectation for cost increases, for example energy costs, the company anticipates an improved outcome for the next financial year.’<\/p>\n