What next for the hospitality sector?
As news headlines suggest an average of eighteen restaurants and ten pubs are closing every week it would be easy to assume that the hospitality sector should be despondent.
Recent research suggests that while the headlines are negative this may not be the complete story. Ninety percent of the 41 respondents to the 2019 haysmacintyre UK Hospitality Index remained optimistic about their own futures with annual average turnover growth amongst respondents similar to last year at 4.2%.
However, only 39% were positive about the outlook for the sector as a whole with the challenges of reduced consumer spending, increased cost of goods and enticing and retaining staff suggesting the pattern of closures could be set to continue.