The latest edition of the UKHospitality and CGA Quarterly Tracker reveals a staggering 54% drop in sales in 2020 for an industry that, in normal times, employs over three million people and contributes many billions of pounds in tax to the Treasury. Sales collapsed from £133.5bn in 2019 to £61.7bn in 2020.
Read the full article on the GCA website
NAM Implications:
- ‘A staggering 54% drop in sales’
- ‘Sales collapsed from £133.5bn in 2019 to £61.7bn in 2020’
- Much of which damage is terminal…
- Even if you believe the health of the hospitality sector does not affect you, it does…
- …in that the cost will be picked up by the consumer-taxpayer…
- …and via reduced demand.
- Accepting this reduced demand as a basis for optimising our offering…
- …has to be a way forward.
