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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Food & drink

Hospitality industry still lagging behind pre pandemic levels

Pubs and restaurants across the UK in December failed to reach pre-Covid revenue levels, industry research has found, with pubs weaker than restaurants.

Sales were 1% lower than the 2019 festive season, hospitality software company Fourth revealed.

Sales in pubs and restaurants beat 2021 levels by 28%, as the sector enjoyed its strongest festive performance for three years.

Restaurants managed to beat pre-pandemic levels for December by 2% but fell short in October and November by 2% and 5% respectively.

Pub revenue in December was 8% lower than in 2019 but up 30% on 2021, when the festive period was overshadowed by the Covid Omicron variant.

The hospitality sector continues to face a multitude of headwinds: lack of staffing, increasing national wages, high food costs driven by inflation and expensive energy bills.

“The cost-of-living crisis, rising energy prices, snow, and industrial action by rail workers in December, have hit hospitality at a time when consumer confidence is still yet to fully return following the pandemic,” a spokesperson for Fourth said.

Whilst the lack of pandemic constraints and World Cup were likely to have boosted the industry, venues face a tough 2023.

The energy bill relief scheme is set to end in March, with businesses expecting an 82% rise in utility costs, a recent survey from UKHospitality found.

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