BusinessCoronavirusRestaurants

UK restaurant groups see losses increase 174% to £673m

The loss of sales due to lockdown last year reportedly cost the hospitality industry £200m a day.

Losses at the the top 100 UK restaurant groups increased by 174% last year to £673m, up from a loss of £246m in September 2020, revealed UHY Hacker Young.

Lost sales reportedly cost the hospitality sector around £200m a day during lockdown, with restaurants continuing to incur “substantial” costs such as rent.

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