Our blog on the latest issues in the hospitality sector.
The paradox of why pub closures increase as craft beer breweries boom
December 17, 2018
In the last year alone, Britain has seen a 3.2% decline in licensed premises, with 2.9% less drink-led pubs and bars open in 2018 compared to 2017.
The Autumn Budget: impact on the hospitality sector and the high street
November 8, 2018
With each sector vying over the public spending ‘head room’, how has the hospitality industry fared in the Chancellor’s Budget?
A continuing tale of woe for restaurant operators, or are there better times ahead?
October 16, 2018
Our corporate recovery team continues to deal with solutions for insolvent restaurants. However, after the storm, there is evidence to suggest that the smaller operators will now emerge stronger following the flushing out of some of the larger chains.
Increased borrowing of restaurant groups grows debt pile by 19%
July 24, 2018
UHY’s recent research has found that many restaurant chains are still increasing their borrowing in order to acquire and fit out new sites, even as high-profile competitors face insolvency.
UK lags behind on tourist spending
July 10, 2018
Our recent study, comparing 2016 to 2015, has shown that tourist spending in the UK, representing 1.6% of the economy, is almost a quarter below the European average (2.1%), with the UK ranking 23rd in a study of 34 countries.
New data reveals fresh concerns for the hospitality sector ahead of Brexit
June 13, 2018
A new survey of managers and workers in the hospitality sector has revealed fresh concerns about the potential shortage of talent and staff in the face of Brexit.
How paying a service charge for a meal relates to VAT
June 5, 2018
How the service charge on a restaurant meal explains how the VAT system works.
Is your hotel business taking advantage of capital allowances?
March 7, 2018
For hotel businesses, capital allowances can provide one of the most valuable and efficient methods of reducing income tax or corporation tax liabilities on plant and machinery embedded within their property.
Hospitality sector: what’s the outlook for 2018?
February 9, 2018
Just over a year ago, we commented on the restaurant sector and Brexit in 2017. When we review the situation one year on, this is now borne out by events, as a 'perfect storm' appears to be brewing.