Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

62% of hospitality businesses think sector receives less support than other industries

by July 27, 2023
July 27, 2023
62% of hospitality businesses think sector receives less support than other industries

The majority of the UK’s hospitality businesses believe the industry is overlooked by the Government, new research has found.

Europe’s largest virtual food brand operator commissioned an independent survey of 250 decision-makers in senior management positions within UK hospitality businesses (restaurants, takeaways, cafés and bars). It found that over three-fifths (62%) of UK hospitality businesses believe their sector receives less support and attention from the Government than other industries.

This comes as many hospitality business struggle with rising overheads, staff shortages and falling consumer spending, leading 4,600 to close their doors in the 12 months leading up to March 2023.

When asked what support could be beneficial to the sector, 28% of businesses believe employment incentive programmes would make a positive difference, with 21% wanting additional visa opportunities for foreign workers who could work in hospitality.

Two in five (40%) would welcome an extension of energy bill relief, while 36% would like to see the return of ‘Eat Out to Help Out’ or a similar initiative.

In a move to cut costs, 48% have renegotiated with or changed their supplier in the past year, with a further 44% planning on doing so in the next 12 months.

Many are also reevaluating their business strategy: 26% have switched to a takeaway-only model, with 32% planning to do so, while 39% are planning a complete rebrand of the business.

Sam Martin, CEO of Peckwater Brands,who conducted the research, said: “It’s no secret that the current economic climate for hospitality businesses is brutal. Between skyrocketing costs, huge staffing challenges and lower demand as customers tighten their purse strings, many businesses feel they can’t catch a break following the hardship of the pandemic.

“Signs that food price inflation is starting to fall may be welcome among business owners, but our research still shows they believe external support is the key to returning to their rightful pre-pandemic status.

“While favourable taxes, support schemes and legislation would undoubtedly benefit hospitality businesses, such intervention is not guaranteed. So, decision-makers must remain prepared to seek out solutions themselves. Embracing innovation and optimisation could be the thing that separates the businesses which prosper in the future and those that don’t.”

Read more:
62% of hospitality businesses think sector receives less support than other industries

0
FacebookTwitterGoogle +Pinterest
previous post
Policymakers Won’t Cool It on Protectionism
next post
Government launches £50m Fund with Investors to turbocharge UK as Tech Superpower

You may also like

Oil price sinks below $60 for first time...

April 10, 2025

Rishi Sunak’s stealth tax to cost middle earners...

November 2, 2022

DMARC: The ultimate guide to protecting your email...

April 6, 2023

How Payday Loan Lenders Determine Your Eligibility: A...

September 26, 2024

Navigating Legal Complexities for Growing Businesses: When to...

November 18, 2024

Reeves considers ending salary sacrifice tax breaks for...

October 18, 2024

Food price inflation in UK falls for fifth...

August 16, 2023

Electric cars drive UK MG sales to more...

October 16, 2023

Marketing: It’s the emotion, stupid

June 12, 2024

INKBIRD INT-14-BW 4-Probe Wireless Meat Thermometer Review

July 7, 2025

Oil price sinks below $60 for first time...

April 10, 2025

Rishi Sunak’s stealth tax to cost middle earners...

November 2, 2022

DMARC: The ultimate guide to protecting your email...

April 6, 2023

How Payday Loan Lenders Determine Your Eligibility: A...

September 26, 2024

Navigating Legal Complexities for Growing Businesses: When to...

November 18, 2024

Reeves considers ending salary sacrifice tax breaks for...

October 18, 2024

Food price inflation in UK falls for fifth...

August 16, 2023

Electric cars drive UK MG sales to more...

October 16, 2023

Marketing: It’s the emotion, stupid

June 12, 2024

INKBIRD INT-14-BW 4-Probe Wireless Meat Thermometer Review

July 7, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Senate GOP blows through 2nd hurdle of the night, teeing up Trump’s clawback bill for hourslong debate

      July 16, 2025
    • Huckabee demands Israel ‘aggressively investigate’ murder of Palestinian-American killed in ‘terrorist act’

      July 16, 2025
    • Trump’s $9 billion clawback passes first Senate test, while more hurdles await

      July 16, 2025
    • National security experts raise concerns after Microsoft program exposed as possible avenue for Chinese spying

      July 16, 2025
    • House GOP subpoenas Biden aide to testify about former president’s concerning mental fitness

      July 15, 2025
    • Democrats capitalize on GOP Jeffrey Epstein fallout with new demands for Jim Jordan

      July 15, 2025

    Categories

    • Business (8,486)
    • Investing (2,122)
    • Politics (16,058)
    • Stocks (3,209)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved