Confidence among Britain’s hospitality leaders has plunged as sector challenges deepen, with CGA by NIQ’s latest Business Confidence Survey revealing worsening sentiment amid squeezed margins and reduced consumer spending.
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The staffing crisis is very much still underway heading into Christmas, data from CGA has revealed, with one in nine jobs in hospitality still vacant despite improvements in recruitment.
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One in six (16%) hospitality jobs currently lie vacant, triggering intense competition among firms to recruit and retain team members, the latest Business Confidence Survey from CGA and Fourth has said.
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Costs resulting from ongoing supply chain issues are likely to be passed onto the customer this autumn, CGA has predicted, with three-quarters of hospitality businesses admitting that they are likely to raise prices as a result.
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Only two in five hospitality businesses are now either trading or are expected to trade at a profit by the end of June, a new survey from CGA and Fourth has revealed.
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