"The latest Hospitality Market Monitor shows the number of licensed premises fell by 0.3 per cent in the first quarter of 2026, marking a second consecutive quarterly decline."
"Many businesses are grappling with sustained increases in labour costs, elevated energy bills and persistent inflation in food and drink prices, making the situation unsustainable."
"Casual dining has been particularly exposed, with outlet numbers declining by 0.9 per cent over the quarter as consumers rein in spending on eating out."
"The accommodation sector has continued to show relative resilience, supported by shifting consumer behaviour and a potential revival in domestic tourism."
The hospitality industry in Britain is experiencing a decline, with over three pubs, bars, and restaurants closing daily. The number of licensed premises fell by 0.3% in early 2026, totaling 98,609 outlets. Rising labor costs, high energy bills, and inflation in food and drink prices are straining operators. Consumer spending is cautious due to a cost-of-living squeeze. Casual dining and bars are particularly affected, while the accommodation sector shows resilience, with licensed hotels nearing pre-pandemic levels.
Read at London Business News | Londonlovesbusiness.com
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