Q1 2024 - Quarter of hospitality has run out of money, as VAT cut tops priority asks
The stark new survey results show that a quarter of hospitality businesses have no cash reserves and a further 29% have less than three months’ worth.
Q4 2023 - Businesses will reduce investment and cut staffing levels without business rates support
New figures demonstrate the importance of the Chancellor extending the hospitality sector relief and freezing the multiplier at the Autumn Statement, with 38% of hospitality venues failing to make a profit.
Q3 2023 - Worker shortage fix needed if hospitality’s World Cup boost to continue
Hospitality businesses saw a 33% increase in sales during the World Cup final, despite ongoing staff shortages.
Q2 2023 - Businesses struggle to remain optimistic with energy costs up 80%
New industry-wide data shows just 29% of hospitality businesses feel optimistic about the next 12 months, with energy their biggest concern.
Q1 2023 - Hospitality energy bills to almost double as support falls away
Businesses expect an 82% rise in their energy bills when the Government’s support is significantly reduced in April, according to a new hospitality sector survey.
Q4 2022 - Third of hospitality businesses at risk of going bust due to soaring costs
More than a third of the UK’s hospitality sector is at risk of business failure in early 2023 due to the cost of doing business crisis, according to analysis of a new survey by UKHospitality, the British Beer and Pub Association (BBPA), the British Institute of Innkeeping (BII) and Hospitality Ulster.
