Pub Closure Rate Slows as Landlords Diversify

Pubs are diversifying to survive the economic downturn – that’s the message from the British Beer and Pub Association (BBPA), which found that pub closures fell by 25% in the second half of 2009. A BBPA survey found that pub closures dropped from 52 a week in the first half of 2009 to 39 a week in the second half. A total of 2,365 pubs closed last year. BBPA spokesman Mark Hastings said that pubs have had to be flexible to survive. “Although a lot of pubs are going out of business and some are performing badly, it is important to remember that many pubs have grown in the recession.” “The secret of running a good pub is no different from the secret of running any consumer-facing business. It’s about being more flexible and adaptable and inventive in the w... »