UKHospitality’s Quarterly Tracker has revealed the UK hospitality sector has seen sales decline 21.3% in the first quarter of 2020, as the country and the industry moved into Covid-19 lockdown.
Data for the new UKHospitality Quarterly Tracker was collected by data provider, CGA. The results were obtained using its Trading Index and OPM data for food and drink sales across the on-trade, combined with hotel data supplied by STR and fast food market data supplied by NPD Group’s Crest Panel, direct company contributions and ONS statistics.
The Quarterly Tracker has shown a drop-in trading across pubs, hotels, restaurants, bars, clubs and attractions in the first three months of the year.
This is most evident in March, as figures show total annualised sales across the hospitality sector at £126.8bn, down 2.7% on the previous 12 months. Whereas, the total value of the sector to the UK economy at the end of 2019 was £133.5bn.
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.
“A continuation of business support is the only way to avoid a bloodbath of job losses and company failures in the hospitality sector, one of the UK economy’s jewels in the crown.”
Phil Tate, Group CEO of CGA, added: “The new UKHospitality Quarterly Tracker is the first time the industry has been able to produce a comprehensive picture of trading right across the UK’s hospitality sector, including food, drink and accommodation and attraction sales.”
Tate stated that the Quarterly Tracker was successful due to the co-operation between CGA and fellow data specialists STR and NPD. He concluded: “We thank them for their support.”
