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Economy

Hospitality sector R&D spending falls 21%

Hospitality industry R&D spending fell 6.3% on an annual basis in Q1 2022, according to latest ONS data.

Emily-Rose Payne Send an email Tuesday, 5 July 2022, 10:45Last Updated: Tuesday, 5 July 2022, 10:45
1 minute read
It added that the statistics show that the hospitality sector’s performance is “significantly worse” than the performance of the UK industry as a whole.

Research and development (R&D) spending in the hospitality industry fell 21% in the Q1 of 2022, according to the latest Office of National Statistics (ONS) data analysed by funding specialist Catax. 

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Emily-Rose Payne Send an email Tuesday, 5 July 2022, 10:45Last Updated: Tuesday, 5 July 2022, 10:45
1 minute read
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