Why hospitality faces another bleak winter

Half of all consumers said they are cutting back on socialising to save money for rising bills

Just one in 14 say they have sufficient funds and don’t need to make cutbacks.

Hospitality businesses are set to struggle through another winter, after battling the impact of Covid-19 lockdowns, as soaring costs are forcing consumers to cut back on spending, new analysis found.

Half of all consumers that took part in a recent survey said they are cutting back on socialising activities to save money for rising bills.