The total combined turnover of UK hospitality business is set to surpass £100b in 2018, according to a new analysis of government figures.
Official data from the Office for National Statistics (ONS) showed that all businesses providing ‘accommodation and food services’ reached £98b in 2017, up from £92b in 2016 and £86b in 2015.
The sector has consistently grown at between 5% and 6.5% year on year for the past five years according to recruitment platform Adia, and it predicted that even modest growth of 2% would carry the sector over £100b this year.
Official ONS figures for 2018 are expected in the autumn.
Meanwhile, the number of people employed in the sector now exceeds 2.3 million – an increase of 21% on 2013, when the total number of people working in the sector was 1.9 million.
Adia chief executive Ernesto Lamaina said: “The hospitality sector makes a significant and important contribution to British economic output, equally, the 202,000 businesses operating in the industry play a valuable role as employers and job creators.”