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CLH Digital - Issue #161

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THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 161

Hospitality Sector Bounces Back to Highest Growth Outlook in 12 Months www.CLHNews.co.uk

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Almost two fifths of small businesses in the hospitality sector are predicting

tion or closure which is at its lowest level since 2021 (14% vs 12% Q4’21).

growth in the next three months (38%), more than twice the proportion com-

This comes at a time when further interest rate increases from the Bank of England could dampen the recovery of small businesses, while firms are also under pressure from high costs of energy, raw materials and rising staff wage bills.

pared with last quarter and on a par with the figure 12 months ago (40%), according to new findings from Novuna Business Finance’s Business Barometer. The positive news continues when looking at those businesses projecting contrac-

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