{"id":19878,"date":"2023-01-11T10:45:44","date_gmt":"2023-01-11T10:45:44","guid":{"rendered":"https:\/\/www.moorethompson.co.uk\/blogs\/?p=19878"},"modified":"2023-01-11T10:45:46","modified_gmt":"2023-01-11T10:45:46","slug":"how-hospitality-and-tourism-are-transforming-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.moorethompson.co.uk\/blogs\/how-hospitality-and-tourism-are-transforming-in-the-uk\/","title":{"rendered":"How hospitality and tourism are transforming in the UK"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

With the UK\u2019s hospitality and tourism sectors continuing to evolve, the pandemic and cost-of-living crisis have played a big role.<\/p>\n\n\n\n\n\n\n\n

For example, whilst looking for an alternative to holiday destinations abroad, many people  are opting for a break in their own country.<\/p>\n\n\n\n

This trend of staycations has allowed local businesses to benefit from increased tourism as well as giving individuals and families a chance to explore what the UK has to offer.<\/p>\n\n\n\n

Looking to convert your second home?<\/strong><\/p>\n\n\n\n

A recent survey led by Airbnb revealed that more than a third of current UK Hosts chose to become Hosts to help battle the cost-of-living crisis.<\/p>\n\n\n\n

Transforming your second home into an attractive and profitable holiday rental is a great investment, providing a chance to make your money go further.<\/p>\n\n\n\n

This can be an affordable way to generate additional income and offset some of the financial burdens associated with owning a home.<\/p>\n\n\n\n

How does this affect hospitality?<\/strong><\/p>\n\n\n\n

The hospitality industry has faced a variety of obstacles in recent years, including staff shortages, rising food and energy costs, and increased taxes.<\/p>\n\n\n\n

Now that the pandemic has shifted the way people travel and consume services, businesses are encountering additional problems as they attempt to recover.<\/p>\n\n\n\n

However, profits are set to grow by 30 per cent, according to a recent UK Hospitality Challenges report. It is anticipated that the majority of this will come from restaurants, pubs, and bars.<\/p>\n\n\n\n

Additionally, those visiting holiday lets are likely to spend their time and money on local businesses, giving the hospitality industry a boost.<\/p>\n\n\n\n

Looking ahead<\/strong><\/p>\n\n\n\n

If you run a hospitality or tourism business, making changes to how you operate and manage costs, as well as adapting to new customer demands, is vital.<\/p>\n\n\n\n

With careful planning and innovative strategies, the UK\u2019s hospitality and tourism sectors can continue to grow stronger than ever before.<\/p>\n\n\n\n

Need advice on matters related to the above? Contact us today.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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