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UK hospitality spend declines as overseas visitor numbers drop

The number of overseas visitors to the UK dropped in 2018, despite favourable exchange rates and record-breaking temperatures. The latest ‘Travel Trends’ report released by the Office of National Statistics has revealed that there were a total of 37.9 million visits made by overseas residents to the UK in 2018, 3 per cent down on 2017. The amount of money spent by overseas visitors also fell by 7 per cent to £22.9bn. Meanwhile, UK residents made 71.7 million visits overseas, down 1 per cent on the previous year, although spending…

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Prezzo restaurant

Report: top 100 UK restaurant chains lost £82m in past year

Nearly half of the of the UK’s Top 100 restaurant groups are now loss making, according to accountancy group UHY Hacker Young. New figures published by the firm reveal that the top 100 restaurants made a loss of £82m in the last year, down from a pre-tax profit of £102m twelve months ago. Of the UK’s Top 100 restaurant groups, 48 are now in the red, up from 37 last year. The huge loss in profits has been caused by a number of restaurant chains’ going through radical restructuring in…

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Cineworld auditorium

Opinion: why cinema remains an important part of the community

Rob Arthur has worked as a Senior Consultant at The Big Picture since 2014, having worked in the UK and International Cinema sector for 27 years with companies such as Vue Entertainment, Curzon Cinemas, Apollo Cinemas, Warner Village and Warner Bros. Recently he was appointed as an Advisor to the European Bank of Reconstruction and Development as well as co-founding the Emerging Cinema Markets Conference based in Istanbul, Turkey. Here, he reminds us why cinema remains an important part of the community… Residents of City Centre’s across Western Europe (and…

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