In Q1 2024, UK hospitality closures slowed, with 368 permanent closures and 98,745 businesses remaining, as cost inflation eased and public demand increased.

UK hospitality closures slowed in Q1 2024 as businesses saw some cost inflation ease, with one in 40 pubs, restaurants, bars, and hotels shutting in the past year, according to industry data. Despite the 368 permanent closures in Q1 (an average of four daily), UK hospitality firms dropped to 98,745 by March, a decrease of over 2,000 since the same time the previous year. The rate of closure has slowed, potentially aided by easing inflationary pressures and an increase in public demand for dining out.

May 08, 2024
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