The future of premium beverage consumption: less, but better quality
WhiskeyNet Kft. its two founders, Kati Szatmári and Zsolt Szigeti, spoke in an interview with Pénzcentrum about the benefits of high-quality alcohol consumption and the noticeable increase in demand for premium drinks on the Hungarian market.
In their opinion, it is better to drink less of high-quality drinks than a lot of low-quality drinks. From the beginning, WhiskyNet’s goal is not only to promote sales, but also to develop a drinking culture that they believe will make quality drinks available to everyone, not just the richest.
Szigeti explained that one of the challenges of pricing is the volatile exchange rate, which they try to deal with using the advance purchase method. In addition, increased logistics costs after Brexit are also a challenge for shipments from the United Kingdom. The weakening of the forint and the effects of inflation are also felt on the market, but customers are still looking for premium drinks, even if they sometimes turn to cheaper products.
The interview revealed that in addition to the increasing competition in the retail trade, the domestic alcohol consumption culture is slowly moving in the direction of quality, which WhiskeyNet considers to be the mission. Szatmári said that the popularity of whiskey, rum and other premium drinks has grown by leaps and bounds in recent years, especially during Covid, when people preferred fewer but quality drinks.
Related news
Beer consumption is decreasing in Germany and Europe
German beer culture is known around the world, but even…
Read more >The price of bananas, chocolate and alcohol may increase due to shortages and strikes
A strike by coastal workers at Eastern and Gulf ports…
Read more >Transformation of alcohol consumption habits: alcohol-free drinks and premium products are making progress
Alcohol consumption is undergoing significant change worldwide, especially among younger…
Read more >Related news
Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >Nestlé Szerencs factory expands with new solar park
The 1.5 GW annual capacity solar park will come into…
Read more >Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >