The combined rail and tube strikes taking place across the country this week are set to cost hospitality as much as £600 million, according to leading trade body UKHospitality.
Hospitality businesses continue to suffer millions in lost sales as a result of the dispute, which is also significantly impacting workers and consumers.
UKHospitality Chief Executive Kate Nicholls said: “This week’s rail and tube strikes will heap further disruption on hospitality, particularly in central London, with the potential to cost the sector as much as £600 million in lost sales. Our pubs, bars, coffee shops, hotels and restaurants, to name a few, continue to suffer as collateral damage, with total lost sales since the start of the dispute last year now expected to reach more than £3 billion.
“The disruption impacts are felt far and wide. Businesses lose crucial sales, workers are often unable to work and earn, and the public are forced to cancel plans with family and friends.
“As we approach the valuable Easter season and head towards the summer, it’s essential that all sides continue negotiations as a matter of urgency and reach a resolution that avoids even more disruption that impacts workers, consumers and businesses.”
UKHospitality analysis shows that hospitality could lose as much as £530 million as a result of rail strikes on the 16th, 18th, 30th March and 1st April, this includes knock-on disruption on the 17th and 31st March. Our analysis shows that hospitality venues in London could lose as much as £69 million as a result of the tube strike on the 15th March.