A stunning 86% of UK hospitality businesses will likely close in the next three years if their costs do not reduce and their revenue does not rise. Half of these operators are likely to close within 12 months’ time, according to data revealed in the Plates to Profits...
Inflation continues to dominate the hospitality industry, with the latest data reporting food inflation for February dropping slightly from the record high in December of 22.9% to 20.6% YoY. Whilst the major elements contributing to food prices are now more stable...
Energy prices may now be the biggest threat to the hospitality industry. Energy is the second highest cost for hospitality venues, and energy bills are predicted to rise by £4.5 billion in 2023. The rising cost of energy is indeed a hardship for many businesses...
Our team work with hundreds of local and national suppliers across the UK in order to find the best pricing and terms for our clients. We are encouraged by the support and guidance many of these suppliers provide to our customers from making tough decisions on menus...
If you’ve dined out recently, you may have noticed a recent trend – reduced menu items and/or smaller portion sizes. As businesses battle inflation, increased food costs, staffing shortages and soaring energy prices, operators are looking for ways to satisfy customers...
Inflation The inflation rate for October reached 11.1%, up from the 10.1% in September and the highest rate since 1981 [ONS]. This rise is most likely due to increases in gas and electricity. The food industry has seen huge increases over this year with prices rising...
2022 has been a challenging year for hospitality to say the least. As the pandemic began to wind down, hopes were high that our industry would rebound quickly. And in many ways it did. But as the year progressed, new challenges have made it difficult for operators to...
Inflation With Britain’s official rate of inflation reaching a 40-year high in July, it eased a bit to 9.9% for August 2022 due to petrol and diesel prices falling slightly [Source: ONS]. However, the latest reports suggest that UK inflation will continue to rise,...
Consumers are bracing for their power bills to rise in October when the energy price cap - the maximum amount suppliers can charge customers in England, Scotland and Wales – is scheduled to go up. Many people are expected to face "fuel poverty" - when a household has...