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Inflation Biting As U.K. Hospitality Sales Lag Behind Pre-pandemic Levels

December 19, 2022

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.

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