Significant Impact on Business Viability: Rising Interest Rates
The recent increase in interest rates has dealt another blow to the struggling pub industry, exacerbating its economic challenges. Rising rates have imposed additional financial burdens on pubs, already grappling with various issues such as high operating costs and labour shortages. Rising interest rates can have a significant impact on the viability of businesses, both […]
Coronation Bank Holiday Weekend: Rainfall affects trade as pubs pour 50.5 million pints
Over the recent Coronation Weekend, drinkers in the UK consumed 50.5 million pints of draught beer and cider, according to The Oxford Partnership. Although this was a significant increase of 5.7% compared to the Jubilee bank holiday last year, the wet weather was a damper on trade. The British Beer and Pub Association (BBPA) had […]
Hospitality Rising and #RiseFastWorkYoung campaign increase appeal of working in hospitality sector
Hospitality Rising, a UK-based initiative, has helped boost the appeal of working in the hospitality industry by 14%. In the past year, the number of UK adults who consider hospitality an appealing industry to work in has increased from one in five to more than one in three. The initiative aims to fill the current […]