It has been a torrid few years for hospitality, battling Brexit-driven staff shortages, the pandemic, and now spiraling business costs. The latest hospitality market monitor from AlixPartners CGA revealed that the final quarter of 2022 saw a decline of 1,611 hospitality premises, a 1.6% contraction of the U.K.’s hospitality sector over the three months. Across the whole of 2022, hospitality recorded a drop of 4,809 premises. Yet other hospitality entrepreneurs have found ways to survive these business challenges. Like so many restaurants, they were severely hit by massive staffing shortages in the hospitality sector created by Brexit and the pandemic.

Source: Forbes March 10, 2023 22:03 UTC