Mounting debt for operators who’ve had no choice but to take on huge government-backed loans to stay afloat is creating an untenable pressure cooker situation for the trade, hospitality owners have said.
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The new edition of Harpers, out today, will reach readers hot on the heels of a parliamentary debate on the need for the creation of a minister for hospitality role in UK government. Resulting from the success of the Seat at the Table petition launched by hotelier Robin Hutson, of The Pig group and (formerly) Hotel du Vin fame, the proposal gained “an overwhelmingly positive response from all corners”, as reported by Harpers.
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A new survey has revealed a rise in optimism among hospitality operators for the future of their business over the next 12 months, albeit from a very low threshhold – but representing a substantial increase from the third quarter of the year.
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On-trade operators should “step away from emotion”, challenging themselves to think back to when they started their businesses and consider it a relaunch, not a reopening, when they once again open their doors.
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Sales of rum in the UK on-trade rose 7% year-on-year in 2019, according to the latest data from food-and-drink research analysts CGA.
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The tired, middle of the road, mid-market section of the on-trade is falling away to make way for new, more innovative concepts, suppliers have told Harpers.
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