Hospitality sector suffers 76.6% slowdown due to coronavirus lockdown

The hospitality sector has experienced a 77% slowdown in the past month according to new analysis which lays bare the impact of the coronavirus pandemic, according to income streaming provider Wagestream.

The analysis reveals how the industry has been forced into a “radical decline” since but is still “soldiering on” despite now being totally reliant on takeaway meals and doorstep delivery.

It used aggregate data from multiple workforce management systems to compare the number of shifts available to staff on Sunday — two days after the prime minister told restaurants and pubs to close — with a month earlier.

Peter Briffett, CEO and co-founder of Wagestream, said: “The hospitality sector has been hit hard and everything possible needs to be done to help preserve its ability to bounce back when the pandemic loosens its grip on the economy.

“We will continue to do our bit, and we would urge all hospitality businesses to consider using this solution to ease their own cash flow problems and help the sector’s furloughed workers cover their bills and expenses.”

He added: “After so much home working, the hospitality sector is one of the industries set for a huge boom when life starts to return to normal. It would be a crying shame if businesses were needlessly lost and unable to benefit when that time comes.”

Back to top button