By M&C Report team2005-05-08T08:05:00+01:00
Inflation has soared to its highest level in nine years, with the Office for National Statistics (ONS) claiming this is down to last year’s Eat Out to Help Out scheme.
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.
The reopening of indoor dining helped underpin UK GDP growth during Q2 2021. Analysis from UKHospitality shows the hospitality sector was responsible for 40% of total economic growth from Q1 to Q2 2021, with Kate Nicholls calling on the Government for business rate reform and a permanently lowered rate of VAT.
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Hostmore reiterates its intention to demerge from Electra Private Equity and begin trading as an independent listed company
Loungers has seen like-for-like sales up 27% since reopening its restaurants on 17 May, compared with the same 20-week period in 2019.
The Q3 trading update reports underlying like-for-like sales growing by 6.4%.
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