Are we seeing the Hospitality Sector fold before our eyes?

Roux an Parliament Square

2020 has been a disaster for many businesses sectors with most severely effected that of hospitably and tourism. We have all heard the crazy headlines from alcohol sales banned in pubs along with you can only have a pint of beer if you order a large enough Scotch egg. Especially pubs and restaurants, they have been put through the drier what with being told they can re-open and then not, restricted seating, no alcohol selling, earlier closing times and then thrown in to tiers completely turning their world upside down (again). Being connected to the hospitality myself, and especially during this covid-19 horror show, I can vouch that they are some of the most hygienic places to visit.

Following almost three months of lockdown due to the coronavirus (COVID-19) pandemic, restaurants in the United Kingdom were allowed to re-open on July 4, 2020 providing they followed strict hygiene conditions to prevent a second wave of virus. A week later on July 11, the number of seated diners in UK restaurants were still down by around 45 percent, but began to gradually increase. The country reintroduced lockdown measures affecting restaurants on November 5, following an increase in the number of new COVID infection cases. As of December 1, 2020, the percentage of seated restaurant diners in the UK was around 96.05 percent lower than the last year’s figures.” source statista

Social media has been awash of updates from disillusioned and disappointed people in the restaurant and pub trade, commonly we see photos of barrels of beer being poured down the drains or food thrown away (I have seen innovative solutions by some restaurants where they simply sold off food stock at the local markets). Places once normally busy with visitors are now closed or on restricted hours and working conditions, many times we walk past what was once a vibrant pub though now simply all dark inside with stalls stacked on tables.

There are many headlines online sharing updates more towards closures of restaurants and bars rather than opening, for example ‘These notable Chicago restaurants and bars have now permanently closed‘. Across the country with many independents, there has been a steady closure of hospitality venues that now includes famous names such as that of ‘Roux’ restaurant at Parliament Square in London’s Westminster.

It is expected that in January 2021 the government will enforce stricter tiers and many more hospitality venues will be forced to close again and it is for sure that for many it will be their ‘last time of closing’ – The furlough payment scheme is due to end at the close of March 2021 and it is very much expected that the full force of the devastation within hospitality sector will be seen.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Nationwide becoming first lender to allow mortgage deeds to be signed digitally

Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More
Breaking News

Fruitful year ahead for aspiring first-time buyers

First-time buyers and those with little equity to refinance will find greater mortgage choice. During January, there was an uplift in higher LTV deals, with 90% LTV options at a record-high, plus a boost to 95% LTV deals, which are at their highest count since March 2008. The electronic monitoring of LTV choice at Moneyfacts…
Read More
Breaking News

Lovelocked London homebuyers face romance premium

The latest research by London lettings and estate agent, Benham and Reeves, reveals that lovelocked London homebuyers house hunting across the capital’s most romantic locations can expect to pay house premiums of more than 64%. But couples can still find great value if they know where to look. Benham and Reeves has identified nine of…
Read More
Breaking News

First-time buyers face highest hurdle in England

The latest research from Yopa has found that while first-time buyers in England continue to face the highest cost of getting a foot on the property ladder, at £27,807, it’s their Scottish counterparts who have seen this cost rise by the largest margin over the last year, increasing by 5.5%. Yopa analysed* the current cost…
Read More
Breaking News

Rental price and average salary tracker – January 2026

Seasonal cooling deepens regional rent declines, while affordability pressures remain structurally high Month-on-month rental prices fell across the majority of regions, with particularly pronounced drops in the North East (−10.0%), South West (−8.1%), Yorkshire and Humberside (−7.4%), and Wales (−6.1%), highlighting a clear seasonal slowdown as demand softens post-Christmas. Year-on-year salary requirements show only modest…
Read More
how to present your property for sale
Breaking News

Property values hit £300k for first time

The latest Halifax House Price Index for January 2025. On a monthly basis, house prices increased by 0.7% between December and January, reversing the decline of -0.5% seen between November and December of last year.   Annually, house prices were up 1% versus this time last year, with this annual rate of growth accelerating when…
Read More