Unemployment levels are at a record low, while the total number of job vacancies in May-June 2022 was 1.3 million, according to the latest figures released by the Office for National Statistics (ONS).
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Hospitality has lost 2,200 licenced venues in three months as crippling costs and staffing issues continue to hit business operators.
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It seems no matter where the cost increase comes from – whether it be energy bills, business rates or fuel increases – the consumer will always pay the ultimate price.
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According to data from OpenTable, the global restaurant booking system, dining numbers in London are falling short of pre-pandemic levels.
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The government has announced a new energy relief scheme that will reduce energy bills for businesses by 50% of expected levels.
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The latest insolvency figures show just how hard the hospitality industry has been affected by the cost-of-living crisis and soaring energy bills, with pubs, bars and restaurants some of the worst hit among UK businesses.
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Next month, the Drinks Trust will launch the Emergency Energy Poverty Fund, a dedicated grant-giving campaign to help vulnerable hospitality workers heat and power their homes.
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The six-month energy cap unveiled by the Prime Minister yesterday has been met with a smattering of optimism among businesses. Though predictably, the resounding consensus from many corners of the trade is that the measure does not nearly go far enough in limiting the impact of exorbitant energy costs.
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UKHospitality (UKH)chief executive Kate Nicholls has written an urgent letter to the UK government, outlining the potential disaster facing thousands of businesses in light of the energy crisis.
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The Drinks Trust has partnered with the Equal Measures initiative to support marginalised and underrepresented people within the cocktail and spirits industry.
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As inflation takes hold of consumers and businesses alike, the hospitality industry remains in a deadlock, with businesses planning for more challenging times ahead.
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Nick Gillett, MD at specialist spirits company Mangrove UK, talks challenges and opportunities for the still beleaguered on-trade.
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Temporary changes brought in to help the hospitality industry during Covid will be extended until Spring 2023 before being made permanent.
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Mounting pressure is being placed on the government to ease the ‘financial fragility’ of the hospitality sector during its upcoming review of business rates, as businesses continue to suffer rising supply chain costs and runaway inflation.
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The government has announced that it will extend the alcohol off-sales easement, introduced during the pandemic, to September 2023, following a campaign led by UKHospitality and other sector bodies.
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According to real estate consultancy Altus Group, the number of pubs in England and Wales is now at its lowest point on record, down by more than 7,000 in the last decade.
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A landmark event pioneered in 2021 will return to the UK this year, uniting a diverse cross-section of businesses in the hospitality sector.
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Out-of-home food and drink sales are in growth in all of Britain’s 10 biggest city centres, with higher spend-per-visit driving growth rather than footfall.
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Staff shortages in the hospitality industry are reaching critical levels and causing nearly half (45%) of operators to cut trading hours or capacity in order to cope, a new survey has said.
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According to the new Lumina Intelligence Eating Out Market Report, the UK on-trade is set to value £95.2 billion in 2022, +4% versus its 2019 value, meaning that inflation is outpacing market growth.
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