City AM reports that the hospitality sector in Britain is facing significant challenges, with four businesses closing daily. According to the NIQ Hospitality Market Monitor, the number of food and drink venues decreased by 0.4% between October and December 2025. This resulted in a net loss of 382 businesses. The chief executive of UKHospitality, said: “The cost challenges facing hospitality businesses continue to grow.” Industry leaders have now warned that without comprehensive support, closures and job losses will escalate. UKHospitality forecasts that 963 restaurants, 574 hotels, and 540 pubs could close in 2026 without support. This comes ahead of an increase in business rates which will apply to all hospitality businesses with the exception of pubs.
iBOSS Comment:
The Chancellor is looking at yet another U-turn based on the disastrous miscalculation of the effect the increases in business rates would have, particularly on the hospitality industry. Even this looks currently to be inadequate! Some help for Pubs but what about the rest of the Hospitality industry
If you are an SME involved in hospitality and experiencing financial &/or operational difficulties at the moment then call us at iBOSS for a Free consultation on how we may be able to help. Call Phil on 07876 503830 or e-mail phil@theiboss.co.uk . Take advantage of our many years of experience in hospitality!