Hospitality Businesses Optimistic for Future

The majority of young enterprises in the UK are in the hospitality sector and the Department for Business, Innovation and Skills (BIS) have reported that hospitality businesses are more optimistic about future prospects than the wider business community.

Research from the ALMR shows that 57% of pub and bar operations will be recruiting more staff this year, compared to 2014.

Kate Nicholls, CEO of the ALMR said: “The report shows the extent to which licensed hospitality is a bellwether for the wider economy – we were hit harder than most by the recession but as growth returns and wages increase, confidence is rightly high. 70% of alcohol retailers are small businesses and with the number of SME suppliers to the sector growing, the rude health of small businesses can only be a good sign.”

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