Just a third of operators expect to reopen their entire portfolios

By Georgia Ward

The number of hospitality venues in the UK looks set to fall sharply, with just over one third of operators (35%) believing they will eventually reopen all of their sites for trading.

A further third of operators told the latest Business Confidence Survey, conducted by CGA and Fourth, that they had yet to take a decision on closing sites.

There was an expectation among those questioned that the market would contract significantly with predictions that between 70% and 80% of restaurants, hotels, bars and late-night venues would open to serve guests once again.

The majority of closures are expected to be seen in late-night venues and restaurants, with hotels predicted to be most resilient.

On average operators expected to see 69% of late-night operations, 71% of restaurants, 77% of drink-led pubs, 79% of food-led pubs and 85% of hotels to remain in business.

Almost all operators are anticipating a phased reopening for hospitality dictated by government guidelines, with two-thirds believing it will take them less than two weeks to prepare their sites to open, including a third that think they could open the doors in under a week.

For more research from CGA, click here.