One in every 40 pubs, restaurants, bars and hotels have closed permanently as we lose four every day
The rate of hospitality business closures slowed down over the first months of 2024 as businesses saw some rampant cost inflation ease back. However, one in 40 pubs, restaurants, bars and hotels have still shut their doors for good over the past 12 months, according to industry data.
Nevertheless, the figures pointed towards a slowdown in the rate of decline in the face of easing inflation for firms and their customers. It also showed strong demand from customers wanting to eat out, with the number of food-led venues increasing by 0.1% over the quarter.
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