Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Hospitality industry is optimistic post Brexit

18 July 2016
Hospitality industry is optimistic post Brexit

Around 64% of businesses are optimistic about Britain's future outside the EU, a survey by software provider Epos Now has revealed.

A survey of 500 independent retail and hospitality businesses, with revenue of under £500,000 annually, found their main concern to be the cost of staffing, which 42% believed would be most impacted.

The cost of stock was an issue 33% of businesses felt would be most impacted by Brexit, while 10% of businesses were worried about rent and 15% listed credit costs as their main priority.

Jacyn Heavens, CEO of Epos Now said: "I'm confident that innovative businesses can continue to do well in what are now unpredictable times. The Brexit vote will focus minds and ensure businesses concentrate their attention on remaining resilient and robust. Businesses above all need to ensure they have liquidity and a good credit line to make the most of the opportunities that lie ahead."

Food supplier reacts to Brexit by hiking prices 10% >>

Chef Tom van Zeller blames Brexit for his restaurant's closure >>

Hotels report boost in post-Referendum bookings >>

Latest video from The Caterer

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking