The UK hospitality sector is once again facing a period of uncertainty as we approach the Autumn Budget 2025. With rising operational costs, increasing tax burdens, and labour pressures, many hospitality businesses are struggling to maintain profitability while continuing to deliver great customer experiences.
Insights
Avoid These Costly Financial Mistakes in Hospitality: Lessons from Recent Business Closures
The UK hospitality sector has faced significant challenges in recent years, with many well-known restaurants, cafés, and hotels sadly closing their doors.
How to Manage Cash Flow in Seasonal Hospitality Businesses
Running a hospitality business whether it’s a seaside café, ski lodge, or boutique hotel means balancing the highs of peak season with the challenges of quieter months. While summer bookings or festive periods may boost revenue, off peak months can strain your finances. While summer bookings or festive periods may boost revenue, off peak months […]
National Insurance Changes and Rising Employment Costs in Hospitality: Best Practices for Compliance and Savings
The UK hospitality industry is currently facing significant shifts in employment costs, driven by recent National Insurance (NI) changes, increased minimum wages, and rising operational expenses. These changes place additional pressure on restaurants, bars, and hotels—many of which already operate on thin margins.
Hospitality Budgeting and Forecasting: Best Practices for Maximising Profitability
In the hospitality industry, effective budgeting and forecasting are critical factors in its success and sustainability. Hotels, resorts, and restaurants operate in a dynamic environment where demand fluctuates due to seasonality, economic conditions, and consumer trends.
Financial Audits in Hospitality: Best Practices for a Stress-Free Process
In any organisation, financial audits are used to thoroughly examine such organisation’s financial records to verify their accuracy and compliance with legal and regulatory standards.
