Overview Since the start of 2024, the rate of food inflation has been in decline from a high of 7% in January to 2.9% in May [Source ONS]. Whilst this is welcome news for the hospitality industry, Spring 2024 has brought additional pressures on some sectors of the...
A recent survey by CIPS and RS has identified three major challenges that procurement professionals face in their daily work. These challenges hinder organizations from efficiently optimizing their procurement processes. At Enhance Hospitality, we understand the...
OVERVIEW From the highest annual food inflation rate in over 45 years (19.2%) recorded in March 2023, inflation in the year to December 2023 slipped to 8% * [Source: ONS Feb ’24], a welcome start to the New Year. Whilst this reduction is welcome to all in the...
In recent times, the hospitality industry has faced unprecedented challenges as prices soar across various operational facets. From inflation hitting supplies to increased labour costs, hospitality operators find themselves grappling with a precarious balancing act:...
The hospitality industry thrives on delivering exceptional guest experiences while managing operational costs. In this pursuit, strategic procurement services emerge as a potent tool to optimise expenditure without compromising on quality. From hotels and resorts to...
Overview Whilst food inflation remains in double digits, there is light at the end of the tunnel with the latest ONS statistics reporting a fall in the headline annual food inflation. The UK reliance on imports to bridge the gap in home grown/produced products...
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...