The highest ever rate of new restaurant openings in the capital is recorded in the 25th edition of Harden’s London Restaurants, whose 2016 book was published on 5 November. The guide has tracked restaurant openings since 1991.
The 2016 editionʼs tally of 179 newcomers easily exceeds both the 2008 pre-financial-crash level of 158, and 2015ʼs figure of 148. Although the number of closings, 56, was slightly higher than last yearʼs (at 47, the lowest this century), it is still a modest amount, continuing a 3-year trend of very limited closures.
The resulting net openings of 123 (179-56=123) beat last yearʼs high of 101. The ratio of openings to closings stood at 3:2 to 1, a ratio beaten only once in the guideʼs history (in 1996). In only five of the last 25 years has Hardenʼs recorded a ratio that exceeded 2:4 to 1.
source : Hardens 2016 survey
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