1 in 11 hospitality businesses at risk of closing as the cost of living crisis hits restaurants
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A new report suggests that over 8% of restaurants and bars will close over the next year as rising costs hit their bottom line and the rising cost of living changes the way we eat. While some parts of the industry are doing quite well, many smaller businesses are struggling, even if they're not at risk of closing.Is it just consumer spending driving these challenges or are there deeper economic concerns for the hospitality market? And what will it mean for your next meal out?
1 in 11 hospitality businesses at risk of closing as the cost of living crisis hits restaurants