Hospitality & leisure

What’s impacting Hospitality & Leisure?

Cocktail graphic

2020 was a particularly challenging year, forcing the Hospitality and Leisure sector into an unprecedented situation. 2021 has not particularly started off much better, however, we feel that those operators, within the sector, who survived 2020, and are able to mothball their business for much of Q1, will start to benefit once the vaccines begins to control the pandemic.

Hospitality and leisure, has always been a robust industry, and whilst the next year will not be easy, our sector team feel there is particular opportunity in 2021 for those businesses that operate locally, benefiting from a greater number of people working from home, and also for those that have adapted their businesses, through innovation, to prosper.

Hospitality and Leisure sector advice services

We advise hotels, pubs, clubs and leisure operators, as well as a number of sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.

Chris Maloney - Menzies Accountant

A guide for restaurant entrepreneurs

Chris Maloney – Hospitality & Leisure sector specialist

Good news is hard to come by in the UK’s restaurant sector at the moment, but here’s some – consumers are spending more on leisure and restaurants than ever before.

This situation begs a number of questions. With consumer spending in these areas on the rise, why are so many restaurant businesses in the UK struggling? And what can they do to avoid this?

More Hospitality & Leisure Brighter Thinking


Key challenges of the Hospitality and Leisure sector

number 1

Staff shortages and wages inflation – including new minimum wage

number 2

Supply chain issues, rising food, drink, light & heat costs

number 3

Cash flow implications of VAT rate stepping up from 5% to 12.5% and repayments becoming due on Covid-19 related loan schemes

View the full article below:


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Chris Maloney - FCCA ACA CTA

Partner

Chris Maloney is a Menzies Partner specialising in strategic business advisory and corporate tax for SMEs and Head of the Hospitality & Leisure team.