Positive Developments & Continued Recovery in 2024 across the UK Hospitality Industry
Despite the challenges highlighted in our headline article, the UK hospitality industry is showing remarkable resilience and potential for growth. Here are some positive developments that highlight the sector’s bright spots, as we like to call them!
There’s growth in restaurant openings
Looking back over last year as a whole it’s encouraging to see there was a 5% increase in new restaurant openings. This growth reflects a renewed confidence and investment in the sector. Whether it’s a cozy little café or a trendy new restaurant, these new spots are bringing a fresh experience and revitalising our communities.
Hospitality Rising Campaign
The ‘Hospitality Rising’ campaign is making waves, especially on platforms like TikTok. By sharing real stories from young workers, it’s changing perceptions and attracting new talent. With over 1 million views, this campaign is showing that hospitality can be a rewarding and exciting career choice for young and old, alike. Learn more about the campaign.
The expansion of the Hoteliers’ Charter
The Hoteliers’ Charter is expanding to cover all areas of hospitality, and the initiative now has 500 hotels on board. If you have not come across it, it promotes employee welfare and aims to improve working conditions in the hospitality industry, continues to grow and attract new members. The charter’s expansion to include all areas of hospitality within the next year is expected to further increase its reach and impact.
Economic Contributions
The hospitality sector continues to be a powerhouse for the UK economy. Looking back to 2023, it contributed £93 billion, with employment rising to 3.5 million people. This made hospitality the third largest employer in the country. Additionally, the sector contributed £54 billion in tax receipts last year, underscoring its vital role in the UK economy.
Industry Advocacy
It’s good to know that organisations like UKHospitality are tirelessly advocating for the sector. Their efforts have led to significant policy discussions and potential legislative changes that could benefit businesses. This advocacy is crucial for ensuring the industry gets the support it needs to thrive. Explore UKHospitality’s advocacy efforts.
Overall, these positive developments show that the UK hospitality sector is not just surviving but finding ways to thrive and as noted in our headline article, regarding NIC’s, with continued support and innovation, the industry should be well-positioned to overcome challenges and continue to flourish and needs the support of you and I, to keep enjoying all they have to offer, especially over this festive season!
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