According to data in the latest UKHospitality Tracker, provided by CGA, turnover in the year up to the end of September 2022 was up 1.3% at £135 billion, compared to 2019. This is the first time a full-year figure is above pre-Covid levels.
However, the severe impact of inflation means that even a slight year-on-year increase in turnover is wiped out by rising energy, food and labour costs.
Based on these figures, the hospitality sector would have to generate an additional £17 billion of turnover just to rise in line with inflation.
