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More than a third of UK hospitality firms ‘could go bust by next year’

More than a third of UK hospitality businesses, including pubs, restaurants and hotels, could go bust by early next year as energy bills surge and bookings fall, according to a new survey.

by | 31 Oct, 2022

With nearly all businesses saying they face higher energy costs and food price inflation, 35% of respondents to a quarterly hospitality industry survey said they expected to be operating at a loss or to be unable to continue trading by the end of the year.

More than three-quarters of operators, 77%, reported a decrease in diners and drinkers, and 85% expected the situation to worsen, according to a joint report by UK Hospitality, the British Beer and Pub Association (BBPA), the British Institute of Innkeeping (BII) and Hospitality Ulster.
Read more at The Guardian
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