Q4 2023 - Yearly sales tracker shows challenge of inflation
The results for the entirety of 2023 shows that the sector's sales, while increasing, were not able to keep up with inflation.
Q3 2023 - Revenue remains below the level needed to keep up with inflation
Annual revenue in Q3 grew by 4% in the year to September 2023, compared to 2019. In real terms, sales remain well below the required level to keep up with inflation.
Q2 2023 - Strong sales unable to keep up with inflation
Turnover in Q2 was up 6.7% in the last year to £137 billion but, compared to 2019, remains almost 20% behind in real terms, when accounting for inflation.
Q1 2023 - Sector growth stalls as inflation continues to bite
Hospitality turnover in the last year was 14.7% down compared to pre-pandemic levels, when accounting for inflation.
