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Third of hospitality businesses at risk of going bust amid soaring costs
Over three-quarters of operators (77%) are seeing a decrease in people eating and drinking out, and 85% expect this to worsen going forward
Over a third of the UK’s hospitality sector is at risk of business failure in early 2023 due to soaring energy costs and the rise in the cost of goods, according to a new survey by UKHospitality, the British Beer and Pub Association (BBPA), the British Institute of Innkeeping (BII) and Hospitality Ulster.
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