Revolution Bars will continue to close some establishments on Mondays and Tuesdays next month to save on energy costs after train strikes dashed his hopes for a profitable Christmas.
The owner of the chains Revolution and Revolucion de Cuba said the strikes have reduced sales during the holiday period, despite the excitement of visitors for the first Christmas without Covid measures in three years.
Despite business seeing strong demand for Christmas party bookings, sales were 9% below pre-pandemic levels.
Covid hangover: Revolution bars were in high demand thanks to Christmas party bookings, but sales were 9% below pre-pandemic levels.
According to Revolution boss Rob Pitcher, the strikes affected workers who were hoping to attend office Christmas parties or social gatherings, as well as how long they stayed out at night.
After a disappointing Christmas, Revolution said a number of Revolution and Revolucion de Cuba sites would be closed on Mondays and Tuesdays in January and early February to cut down on energy bills.
The bosses acknowledged that the annual income will be lower than expected – it is forecast to be in the low range of 6.7 to 10.5 million pounds. Revolution shares fell 27%.
Credit: www.thisismoney.co.uk /