The total value of the sector to the UK economy at the end of 2019 was £133.5bn, with UKHospitality adding that the tracker shows it will be a ‘long time’ before that level is reached again.
The UK hospitality sector saw sales decline 21.3% in the first quarter of 2020, as the country and the industry moved into Covid-19 lockdown, figures from the newly launched UKHospitality Quarterly Tracker reveal.
The tracker combines data from all sub-segments of hospitality with it showing the “cliff edge impact” of the Government-imposed lockdown.
It shows that the drop in trading across the nation’s pubs, hotels, restaurants, bars, clubs and attractions in the first three months of the year is concentrated in March, with total annualised sales across the hospitality sector at £126.8bn, down 2.7% on the previous 12 months.
The total value of the sector to the UK economy at the end of 2019 was £133.5bn, with UKHospitality adding that the tracker shows it will be a “long time” before that level is reached again.
Kate Nicholls, CEO of UKHospitality, said: “The scale of the fall underlines the severe impact the Covid-19 crisis and the lockdown imposed by the Government from March 23 has already had on the sector. At the end of December, the industry had seen year-on-year growth running at +3.9% – the turnaround has been dramatic and will only get worse in the coming quarter…