Soaring Costs in Hospitality – A Hotelier’s Perspective

Energy – Soaring Bills

Q. How can operators secure favourable contracts, and manage costs effectively to maintain comfortable surroundings and control costs?

A. “The hospitality industry is currently facing huge costs as a result of growing inflation. When it comes to soaring energy bills, we believe businesses should appoint a specialist broker or advisor to ensure you are achieving the best possible pricing. Not only will this pay dividends in the long run but with growing ancillary charges – aside from the unit cost – expert advice can really add value. This is especially true in the present market, and we’d advise doing this before the upcoming October price review.”

“Costs Crisis” in Hospitality

Q. The Chancellor ignored sector and public calls to keep VAT at 12.5% in his Spring Statement, despite Parliamentary committee calls has worked on 25 EU countries who cut VAT as long back as 2010. What would you say to the suggestions and benefits of implementing a policy here, cutting VAT to at least until December 2023?

READ THE FULL ARTICLE HERE: Soaring Costs in Hospitality – A Hotelier’s Perspective – CLH News: Caterer, Licensee and Hotelier News (catererlicensee.com)