Hospitality Ulster

One third of hospitality operates at a loss, survey finds

One third of hospitality businesses are currently operating at a loss, representing an 11% increase on the last quarter, according to the latest survey undertaken by UKH, the British Institute of Innkeeping, the British Beer and Pub Association, and Hospitality Ulster.  UKHospitality, along with a number of trade associations, have…

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Private equity in hospitality: a lifeline or a looming takeover?

French restaurant group Bistrot Pierre was the latest British chain to be acquired out of administration by a private equity firm, ensuring that 10 sites will continue to trade with exactly 394 jobs saved. Private equity investment in hospitality has become a growing force that offers a financial lifeline to…

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Today’s news in brief – 24/02/25

Some 70% of hospitality businesses will cut jobs due to reduced rates relief from April, according to a survey by The British Beer and Pub Association, the British Institute of Innkeeping, Hospitality Ulster and UKH. The survey also revealed that 60% would cancel planned investment, 29% will reduce trading hours…

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April cost hikes may force 70% of hospitality firms to cut jobs

A survey by hospitality trade associations has revealed that rising employment costs and reduced rates relief in April will force 70% of businesses to cut jobs, threatening workers’ incomes. The survey by The British Beer and Pub Association, the British Institute of Innkeeping, Hospitality Ulster and UKHospitality also revealed that…

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Today’s news in brief – 14/08/24

Starbucks has appointed Brian Niccol as its new incoming CEO from 9 September this year. It comes as Laxman Narasimhan is stepping down from the role with immediate effect. In the meantime, CFO Rachel Ruggeri will serve in an interim capacity. Niccol currently serves as chairman and CEO of Chipotle…

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Hospitality unites to support business rates reform

A number of hospitality trade organisations have united to call for reform to the business rates model. UKHospitality (UKH), the British Beer and Pub Association (BBPA), British Institute of Innkeeping (BII) and Hospitality Ulster (HU) have produced a survey detailing the biggest issues for the sector. According to the survey,…

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Over 70% of venues to invest in refurbs despite rising costs

Some 71% of hospitality operators are set to invest in venue refurbishments in the next year, a new survey from trade organisations has revealed. Despite cost pressures, 95% of operators are planning to invest in customer service, 92% in staff training, all up significantly on last quarter. The survey was…

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Today’s news in brief – 19/02/24

A quarter of hospitality businesses have no cash reserves, according to a joint survey by UKH, the BBPA, BII and Hospitality Ulster, which also revealed that a further 29% have less than three months’ worth of funds. As a result, the rising costs experienced by businesses have left 64% not…

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Quarter of hospitality venues have run out of money, survey finds

A quarter of hospitality businesses have no cash reserves and a further 29% have less than three months’ worth, according to a joint survey by UKH, the BBPA, BII and Hospitality Ulster.  The joint survey also found that 98% of businesses have seen food and drink costs increase,  while 96%…

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New scheme to retain hospitality staff launches in NI

The UK Hospitality and Tourism Skills Board has developed a new ‘Wellbeing and Development Promise’ to promote the wellbeing and development of staff within both sectors. The new scheme is a UK-wide hospitality and tourism industry initiative. Hospitality Ulster in partnership with Tourism Northern Ireland and the Hospitality and Tourism…

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