Despite some 79% of business leaders expressing optimism for the future, they also face the “very real” issues of staff shortages, rising costs and high debt levels, according to the latest Future Shock report from CGA and UKHospitality. Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA,…
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The latest news and updates on the business of foodservice, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
Some 70% of businesses have expressed confidence about their future prospects, according to the latest July 2021 Hospitality Snapshot Survey by accountancy firm Haysmacintyre. The survey of 92 pub, restaurant, and hotel operators also found that 82% of hotel respondents were either “confident or very confident” about their future prospects,…
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The Malhotra Group, the North East based hospitality company, has announced the launch of its new app. An extension of its Maloyalty card scheme, the hospitality group is introducing the new app across its bars, hotels and restaurants in Tyneside, which will promote special offers and discounts. The new Maloyalty…
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Job postings in May and June 2021 rocketed 73% month-on-month for roles in the hospitality industry, whilst applications were down by 0.3%, according to new data from independent job board CV Library. In addition to its findings, a recent report by the online training provider, High Speed Training, found that…
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Research and development (R&D) investment in the hospitality industry remained steady in the first quarter of 2021, outperforming the wider UK economy, according to recent figures from the Office of National Statistics (ONS). The amount spent in R&D by accommodation and food service firms held steady at £20m over the…
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The UK Court of Appeal has dismissed IWGB union’s appeal against prior judgements that found Deliveroo drivers to be self-employed. The verdict in favour of Deliveroo’s self-employment system for its workers was unanimous, with all three judges agreeing without dissenting opinions. One judge described the verdict that riders are not…
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The UK’s tourism and recreation sector accelerated the country’s economic recovery in May coming out of lockdown, according to the latest Lloyds Bank UK Recovery Tracker. Due to the pent-up demand from consumers, the sector recorded the sharpest rise in output growth month-on-month due to renewed interest in the country’s…
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SSP Group, the travel food and beverage outlets operator, saw its pre-tax loss on a reported basis under IFRS 16 spike to £299.7m for the six months ended 31 March 2021. The 774% increase in losses can be attributed to a 78.8% year-on-year decline in group revenues, falling from £1.21bn…
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Business investment in the hospitality industry fell 13.7% last year, according to the latest analysis of ONS data by business tax relief specialist Catax. Business investment in hotels and restaurants also fell by £621m in 2020, dropping from £4.6bn in 2019 to £3.9bn. The sector also recorded a big slump…
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The mayor of London has pledged to tackle the major staffing shortages across the hospitality industry that threatens to undermine the city’s recovery from Covid-19. The news follows a recent survey which showed that around one in three hospitality venues do not have enough staff to cope with re-opening post-lockdown,…
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