The price of a night out looks set to rise sharply as businesses in the hospitality sector plan to pass on their spiralling costs to their customers. A total of 93% of the 680 businesses surveyed by UK Hospitality said they intend to increase their prices by an average of 11% in the next few months, well above the headline rate of inflation which stood at 5.4% in December. Pubs, bars, restaurants and hotels have seen their overheads surge since lockdown restrictions began to lift last April. Shortages of both labour and goods mean the cost of staff, food and drink, energy bills and insurance have risen dramatically, and these costs look set to be passed on to consumers. Posted by The Staff at the NSBO Office:
NSBO, Charter House, 33 Fore Street, Cullompton, EX15 1JS, Devon https://www.nsbo.org.uk
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