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Despite the cost of living crisis undoubtedly having an effect on both individuals and businesses, hope remains for the hospitality sector in Greater Manchester at the beginning of 2024. A host of new venues have opened both locally in Altrincham and in Manchester City Centre.
Arguably, a key feature of Altrincham’s hospitality industry is Altrincham Market and Market House. Altrincham has been a market town since 1290 and was brought to new life in 2013 by way of a £550,000 Trafford Council scheme pioneered by Jenny Thompson MBE and Nick Johnson MBE.
The success of the market and its various traders, in turn, boosts local hospitality venues by enticing those in surrounding areas to visit Altrincham.
Altrincham's rise: a beacon of success in Greater Manchester
Having survived the COVID-19 pandemic, there is optimism that the only way is up for the historic town centre and its diverse range of local restaurants, eateries, and bars. This follows on from the recent report of a five percent increase in the number of visitors to the area.
Altrincham’s hospitality success not only draws in local start-up hospitality vendors but also induces global giants in the industry. For example, Starbucks has announced that they are to open a store in an exciting new development being constructed in Stamford Quarter.
Alongside this, Altrincham has recently seen Dose, a combined venue for coffee and self-care, open a store on Kingsway. Additionally, Cheshire Cupcakes opted for Altrincham as the location of choice to open its second store earlier this year.
The variety of both independent and chain hospitality venues choosing to open stores in Altrincham, combined with the regular hustle and bustle of the town’s market hall, indicates that the future remains bright for Altrincham’s food and drink sector.
New trends and developments in Manchester's hospitality landscape
However, it is not just Altrincham residents that have reason to be optimistic but those based within the city centre too. Indeed, the city did itself proud in the recent Deliveroo Restaurant Awards 2024, which saw more than 66,000 votes being submitted.
Six restaurants in Manchester won an award, including Double Zero Pizzeria, which was voted as the Best Pizza restaurant for the Northern England & Midlands category.
Manchester City Centre has also seen a wave of new hospitality venues opening, such as the popular Gran T’s Coffee House, originally established in Altrincham, which opened its second store on Great Ancoats Street earlier this month.
The same street also saw a unique noodle spot, Hachi, equipped with candy floss machines, open its doors in January 2024. Moreover, there are plans for Junction, a café, restaurant, bar, and social workspace, to open this Spring within Manchester Central.
Our Expert's View
Fran Duffy, an Associate in our Corporate Team says:
"Despite the continued trend of a fluctuating economy and the downturn in consumer spending, there remains positive signs that, within the midst of such uncertainty, consumers still desire and welcome the wide variety of hospitality offerings that the Greater Manchester high streets provide.
At Myerson, our Hospitality & Leisure lawyers are equipped to advise you and your businesses in respect of the current challenges that the Hospitality & Leisure sector face. Our in-depth understanding and desire to see the continued growth in the market can be demonstrated by our experience working with clients in the Hospitality & Leisure sector."