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Hospitality and Leisure Articles
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Nothing seems to demonstrate the effect of last year’s staycation boom quite like the quintessential Great British beach hut
In 2021, research by hotel booking website Hoo suggested that the average asking price of a beach hut had increased by 41% as British holiday-makers stayed within our shores, while a follow-up study this month has shown a reduction of 24% as the staycation property bubble maybe doesn’t burst, but begins to deflate.
Hospitality survey
2022 will be a critical year for the UK Tourism, Hospitality and Leisure sector, as it seeks to emerge from the Covid pandemic.
Leading hospitality and leisure expert welcomes support announced today, but warns of further uncertainty
A leading hospitality and leisure specialist accountant has welcomed the support announced today for hospitality and leisure businesses facing the consequences of the omicron variant – but says that what the sector really needs is certainty going forward.
How super is the ‘super-deduction’ for the hospitality sector?
Since 1 April, companies have been able to take advantage of the temporary increase to capital allowances for corporate expenditure which was announced in the Spring Budget to encourage businesses to invest, thus boosting the economy. Given that the hospitality and leisure industry has been hard hit by the Covid-19 crisis, relief of £130 for every £100 spent sounded as good as the ‘super-deduction’ title implies, but businesses still need to think about the implications before either assuming their expenditure will qualify or committing to new expensive purchases.
Five top tips to make the hospitality ‘grand re-opening’ a success
Monday 17th May is a red-letter day for the entire hospitality sector; it is the day when, finally, restaurants, pubs and cafes can throw open their doors and welcome customers back inside. Whilst those businesses with usable outside space have been partially open for a few weeks now, for most 17th May marks the return to business after many bleak months of closure.
COVID-19 – Fourth SEISS grant service now open
HM Revenue & Customs (HMRC) have opened their online service, allowing eligible self-employed traders to apply for a fourth grant under the Self-Employment Income Support Scheme (SEISS).
Business rates relief extended with £1.5 billion fund
The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current COVID-19 support
The new reality which hospitality businesses must confront
Communications with customers and maintaining a flexible business model are the key to survival for businesses in the hospitality sector.