Hospitality business continues recovery in June breakingtravelnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakingtravelnews.com Daily Mail and Mail on Sunday newspapers.
6 hours ago
The number of UK sectors reporting output growth rose to pre-pandemic levels for the first-time during April, according to the latest Lloyds Bank UK Recovery Tracker, as the third national lockdown restrictions began to be lifted.
The output of all of the 14 UK sectors monitored by the tracker increased in April, up from 11 in March, and for the first time since August 2018.
During April, the output of UK tourism and recreation (51.9) businesses rose for the first time since August last year, following the reopening of outdoor dining at pubs and restaurants.
Hospitality businesses also cited a spike in forward bookings in anticipation of lockdown measures easing further.
Stuart Gentle Publisher at Onrec
11 Jan 2021|
Contractor Umbrella News: Business confidence grew after vaccine news
Although the UK economic recovery remained behind the global benchmark last month, news of the Covid-19 vaccine boosted business confidence for the year ahead.
The recent Lloyds Bank UK Recovery Tracker (working with IHS Market) found that while the UK overall was behind the global benchmark in November, it still outperformed the European benchmark. Twelve of the 14 sectors monitored reported a stronger output performance.
With news of the first effective Covid-19 vaccine, optimism was up among UK businesses with regards to the next 12 months ahead – this was the highest recorded since the start of the pandemic.