The latest quarter tracker comes from industry Analyst CGA and trade agency U.KHospitality Discover the hotel industry income In the three months to the end of September, it was still 10% lower than the 2019 level.
The industry’s revenue was 31.6 billion pounds, an increase of 73% compared to the same period last year before the launch of the vaccine, but a decrease of more than 10% compared to the same period in 2019.
The follow-up survey also shows the huge impact of this year’s extended blockade on the industry. So far, the turnover of British hotel companies in 2021 is still £60 billion lower than the £132 billion in 2019.
The report concluded that the hotel industry is “an industry at risk.”
The industry is facing a continuing staffing crisis and rising input costs, so the minimum wage and national insurance contributions will be increased, and the 20% value-added tax will be restored.
The value-added tax rate paid by bars and restaurants rose to 12.5% from October 1st, and was lowered to 5% last year to help the hotel industry.It will rise again in April 2022, and today British hospitality industry The CEO once again called for keeping interest rates at 12.5% longer.
The market recovery monitoring of CGA and Alix Partners also found that between March 2020 and September this year, approximately 9,000 liquor-providing establishments were closed—approximately 8.6% of the total number of licensed establishments in the UK.
Nightclubs-which are not allowed to operate as clubs between March 2020 and July 19 this year-are one of the most affected.
Kate Nicholls, CEO of UKHospitality, said: “Although things are definitely going in the right direction, the recovery is still very slow, and there is a gap between the current figures and the figures before Covid-19 caused severe damage. Huge gap.
“Our industry is in danger, and this latest data reflects an industry fighting for survival in all aspects.”
Nichols warned that without additional support for businesses in the industry, “consumers will find themselves paying higher prices, hundreds of hotel companies will close down, and thousands of jobs will be lost.”
