UK hospitality sector suffers £80.8bn loss

The UK hospitality industry has seen sales plummet by £80.8 billion (US$112bn) over the last 12 months, according to new data. Data from the UK Hospitality Quarterly Tracker with CGA reported sales from the start of April 2020 to the end of March 2021 dropped to £46bn (US$63.8bn), a decline of 64% from £126.8bn (US$175.8bn) for the previous 12 months. UK Hospitality said the £80.8bn decrease was equivalent to £220m (US$305m) of sales lost every…

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One in 10 hospitality firms won’t survive without support

A new survey revealed one in 10 hospitality leaders believe their businesses will collapse if no additional government support is announced in next week’s UK budget, while 31% anticipate shutting some sites permanently. The CGA Business Leaders’ Survey 2021, which was conducted in collaboration with trade groups UK Hospitality, British Beer and Pub Association and British Institute of Innkeeping, featured input from business leaders across the industry. It found that more than a third (37%)…

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What’s on this weekend

Dead Rabbit reopens Indoor dining has returned in New York, with venues now able to operate at 25% capacity. As such, renowned cocktail bar the Dead Rabbit has reopened its doors once more. The Dead Rabbit is now open from Tuesday to Sunday for drinkers to sample serves from the bar’s latest menu. According to physical distancing rules, guests must have a seat at a table and the bar will not allow standing service. Drinkers…

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Covid-19 halves 2020 sales in UK on-trade

Sales across the UK hospitality sector fell 54% in 2020 as the industry faced its ‘worst year of trading on record’, according to a new report. The latest edition of the UK Hospitality and CGA Quarterly Tracker found that the UK’s on-trade sales collapsed from £133.5 billion (US$182bn) in 2019 to £61.7bn (US$84bn) in 2020. Kate Nicholls, CEO of UK Hospitality, said: “These figures are simply devastating; hospitality was hit first, hit hardest and continues…

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Covid-19 claims nearly 6,000 hospitality venues

Almost 6,000 licensed venues in Britain were forced to permanently close in 2020 because of the Covid-19 pandemic, sparking urgent calls for more financial help to support businesses and the wider economic recovery. The latest Market Recovery Monitor data from CGA and Alix Partners showed the number of closures last year was almost three times higher than in 2019. Lockdowns contributed to a net decline of 5,975 sites in 2020, according to the report. Karl…

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