Trade body UKHospitality has welcomed the drop of food service price inflation to below 20% for the first time in five months, but warned that more needs to be done to help food and drink businesses especially after the increase in interest rates.
Businesses in the accommodation and food services sector have seen the biggest increase in sick leave across the UK in the past four years, according to research.
The energy costs for hospitality are set to be £12 billion higher than prior to the energy crisis, according to new figures from the sector's representative body.
New data from the Office for National Statistics (ONS) shows that the UK labour market remains fairly robust, in spite of increasing economic pressure, with employment rising and unemployment low.
The number of workers moving into hospitality from other sectors has jumped by 18% year-on-year and 2.9 million UK workers are currently considering a move into hospitality from another sector, states research.
