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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 >>

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