Hospitality chain Loungers seems to be to open one other 19 branches

Hospitality chain Loungers, which runs venues beneath the names Lounge and Cosy Membership, has revealed plans to open 19 extra websites over the remainder of the monetary yr.

The Bristol-based agency stated it had already opened 11 new websites – eight Lounges and three Cosy Golf equipment – over the previous 5 months, and would proceed to push ahead with its growth plans regardless of pressures on shopper spending.

Over the previous six months the agency has delivered like-for-like gross sales development of 17 per cent, it advised traders.

Based in 2002 the corporate now has greater than 200 shops.

Nick Collins, CEO, commented: “Loungers continues to thrive and I’m delighted with our constant out-performance of the market, because of the implausible efforts of our groups and the hospitality they supply.

“We’re notably happy with the robust efficiency of our new openings and we’re on observe to open 30 websites this yr. As our robust gross sales efficiency demonstrates, neither uncertainty in respect of the broader UK financial system nor shopper attitudes in the direction of discretionary spending must date impacted our gross sales.

“We’re persevering with to profit from extra individuals staying native, working from house, and supporting their neighborhood and excessive road, that are tendencies that we consider are right here to remain.

“We’re working in a very inflationary surroundings and we’re working onerous to mitigate inbound price pressures and to keep up the worth for cash rules which are so vital to our clients.

“We proceed to concentrate on getting the precise steadiness and take confidence from the positioning of each Lounge and Cosy Membership and their market-leading observe data.”