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Looking back to look ahead: tenanted pubs and MRO 10 years on
"2026 will mark a major milestone for the licensed leisure industry, as it will be a decade since the introduction of the Pubs Code and Market Rent Only (MRO) option."
Licensed Leisure
Occupational market: pubs, bars and clubs
"Looking forward, the performance of restaurants, as well as the rest of the hospitality industry, may prove to be more tapered as it attempts to navigate the current economic headwinds"
Occupational market: cinema operators
"Cinema admissions recover post-Covid; however, profits stall for large operators whilst high-end and small-chain operators fare much better"
Occupational market: outlook
"So, what’s the outlook for the UK leisure sector?"
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Pub operators and investors are thirsty for deals
"We expect healthy competition for any sites that become available."
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Pub companies have an appetite for expansion
"Fierce competition is expected for the best sites that become available."
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Will Covid-19 encourage pubs to operate in a more European style?
"The pub experience might change, but customers and licencees will quickly adapt. "
Pub landlords should explore shadow licensing to ensure seamless reopening post-lockdown
"A second licence will help if tenants are declared insolvent."
Will Covid-19 be the final nail in the coffin for MRO for pubs?
"The pandemic is likely to leave tied tenants in better shape than free-of-tie tenants."
Real Estate Insights Podcast: what makes UK pubs such an attractive investment class?
"Savills panel discusses why, despite some headlines giving the impression that the great British pub is struggling, pubs are one of the best preforming property investment classes in the UK. "
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