Monday, 31 October 2022

Everyone's Moving to Fawlty Towers?

The UK's hospitality firms run hotels, pubs and restaurants. These establishments suffered in the Covid19 pandemic but appeared to have 'bounced back', as lockdowns were relaxed. However, 35% of hospitality firms responding to a survey, now say they expect to be operating at a loss and/or be unable to continue (https://www.theguardian.com/business/2022/oct/31/uk-hospitality-firms-pubs-restaurants-hotels-energy-food-inflation). Hospitality's main problems are surging energy bills, the rocketing costs of food (up around 35%), a declining work force of waiters, cooks, barstaff and cleaners (from overseas) as well as the disappearance of customers (77% of establihments surveyed reported fewer diners and drinkers). The UK could rapidly move to a situation, where only its rich have their hospitality catered for.

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