ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

Hospitality sector to surpass £100b mark in 2018

The total combined turnover of UK hospitality business is set to surpass £100b in 2018, according to a new analysis of government figures.

 

Official data from the Office for National Statistics (ONS) showed that all businesses providing ‘accommodation and food services' reached £98b in 2017, up from £92b in 2016 and £86b in 2015.

 

The sector has consistently grown at between 5% and 6.5% year on year for the past five years according to recruitment platform Adia, and it predicted that even modest growth of 2% would carry the sector over £100b this year.

 

Official ONS figures for 2018 are expected in the autumn.

 

Adia chief executive Ernesto Lamaina said: “The hospitality sector makes a significant and important contribution to British economic output, equally, the 202,000 businesses operating in the industry play a valuable role as employers and job creators.”

 

Majority of operators unconcerned by Brexit, report finds >>

 

Supreme court decision in favour of gig-economy worker a ‘warning shot’ to employers >>

 

One in 10 hospitality employees considering leaving the UK due to Brexit >>

Newsletter sign up

Stay informed with all the latest

Newsletter Sign Up

Stay informed with the latest news

 

Sign Up

Rethinking Food Waste Webinar

Rethinking Food Waste Webinar

Best Places to Work in Hospitality 2025

Best Places to Work in Hospitality 2025

Supplier Awards 2025

Supplier Awards 2025

The Caterer Events

The Caterer Events

Queen's Awards for Enterprise

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media