The vast majority of operators say the government’s three-month extension of the rent moratorium offers little or no meaningful support, as it only defers the problem.
Lumina Intelligence’s Hospitality Leaders Poll found 87% believe the policy announcement only has marginal benefits, while just 13% said it offered “vital support”.
Only a small proportion of operators (18%) meanwhile have faith that a planned government review into the commercial rent issue will solve the problem.
Out of a number of policy suggestions to solve the rent debt issue, the idea of a government grant to pay off arrears proved the most popular, with 40% agreeing it could help solve the problem.
Three-in-ten respondents (30%) think there should be a review of legislation on commercial leases.
Just 13% believe government mediation over commercial landlords and tenants would help find a solution.
Among those who took the survey, 69% of respondents are confident about the future of their business, down from 75% last week.
- The Hospitality Leaders Poll is a conducted by Lumina Intelligence on behalf of MCA, BigHospitality and the Morning Advertiser.
Precis
INSIGHT
Rent amnesty offers ‘little meaningful support’
The vast majority of operators say the government’s three-month extension of the rent moratorium offers little or no meaningful support, as it only defers the problem. Lumina Intelligence’s Hospitality Leaders Poll found 87% believe the policy announcement only has marginal benefits, while just 13% said it offered “vital support”. Only a small proportion of operators (18%) meanwhile have faith that a planned government review into the commercial rent issue will solve the problem.
