hospitality
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Hospitality calls for planning and rent reform ahead of budget
The sector has joined forces to write to the chancellor to warn of deepening crisis
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Inflation has closed more hospitality venues than Covid
18 sites are being lost a day, with a tenth of premises lost in the last three years
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Hospitality needs help as Covid loans fall due
The loans are interest-free until March, but the downturn has made things harder for many businesses
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Hospitality insolvencies soar by nearly 60%
Almost 1,600 companies in the sector have fallen into financial distress over the quarter
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A third of hospitality businesses face collapse within ‘weeks or months’
A survey led by UKHospitality shows 35% expect to be operating at a loss or unviable by the year end
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Hospitality sector slides further
Output in the sector has decline to the level seen during the Covid lockdowns
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Hospitality sector in ‘perfect storm’ as inflation adds to Covid woes
Only 37% of hospitality businesses are profitable and 17% have run out of cash
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Calls for VAT and rates cap as Christmas crushes hospitality’s hopes
Trading on Christmas day was 60% lower than 2019, while NYE was down 27%
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Government launches consultation on al fresco dining reforms
Emergency measures put in place during the pandemic could be extended
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Loungers toasts return to trading
Sales climb 27% as indoor operations resume
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MPs call for more help for UK hospitality in upcoming Budget
Extension of VAT cut and business rates holiday would help sector hit by £72bn dip in revenue