NewsTrade Associations

Weekend hospitality sales plummet 40%, UKH finds

A separate survey showed that a third of pubs, bars and restaurants have no cash reserves and 10% of pubs and 14% of restaurants are therefore ‘very likely to fail’

New figures show over half (54%) of venues were down more than 40% in revenues last weekend, according to industry body UKHospitality.

One in five businesses reported a sales drop of more than 60%, whilst 88% of operators say they feel negative about the potential of New Year’s Eve trading.

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