Almost a quarter of hospitality firms in the UK believe their businesses will collapse by the end of 2020 without further government support. The findings, which were conducted by CGA, came from a survey of members from trade associations UK Hospitality, British Beer & Pub Association and the British Institute of Innkeeping.
Read the full article on The Spirits Business website
NAM Implications:
- Realistic suppliers will have already factored in a 25% probable loss of the hospitality customer base.
- (with some even more pessimistic…)
- With the new furlough replacement scheme and VAT extension merely life-supporting, especially for businesses on the profitability edge.
- The damage caused by social distancing and lack of support for rent debt is causing permanent damage to the entire hospitality sector.
- (with little/no scope for online ways out…)
