Tom Kerridge: Restaurants hit by huge wave of costs
Since Covid, there hasn't been any respite for the hospitality industry, says celebrity chef Tom Kerridge. For his TV series he has been going behind the scenes at pubs and restaurants across the UK, as the industry he knows and loves is hit by a tidal wave of rising costs.
These include energy bills, rent and mortgage repayments, food and insurance - even cleaning materials.Energy bills in particular have been "catastrophically massive". With many hospitality businesses still in debt after the pandemic, the "tsunami of inflationary costs" is putting increasing pressure on these small margins, she says."It is challenging, but we are a remarkably resilient industry," says Ms Nicholls., have also overcome challenges in creative ways.
Kerridge says a lot of venues are just "existing" - being busy just over the weekend doesn't necessarily mean turning a profit though. This, too, is a knock-on effect of the pandemic - closures and business interruptions mean hospitality is seen as "a slightly riskier sector", says Ms Nicholls.Richard Ord says everything has become more expensive, even food packaging
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