Rising costs for the hospitality sector – but revenue recovery could soften the blow
10 October 2024
The hospitality sector is facing uncertain times. Industry body UKHospitality is calling for urgent measures to avoid “sky-rocketing business rates” from next spring. At the moment, eligible businesses in the hospitality and leisure sector benefit from 75% off their business rates bills (up to a cap of £110,000 relief per business). But this ends on 31 March 2025 and could send shockwaves through the sector if no alternative help is put in place.
