Fourth

Turbulent economic period: venues rise prices by 7.1% to combat inflationary pressures and staff shortages (Credit: Getty/NickyLloyd)

Venues rise prices by 7.1% to offset soaring costs

By Rebecca Weller

Hospitality venues increased prices by an average of 7.1% in the year to December 2023 after being left with “little choice” in the face of rising costs and staff shortages.

Fourth Hospitality Workforce Report: data shows staffing numbers near pre-pandemic levels but sector still struggling  (Credit: Getty/Hispanolistic)

Staffing number near pre-pandemic levels

By Rebecca Weller

Hospitality staffing numbers have neared pre-pandemic levels with employee headcount in pubs, bars, hotels, restaurants, and quick service restaurants (QSRs) up 21.7% compared to June 2021, the latest data from Fourth has revealed.

Price hikes: Sector suffers with soaring food costs due to supply chain disruption (Getty/ Henrik Sorensen)

Operators’ food costs soar by up to 40%

By Amelie Maurice-Jones

Spiralling costs and supply chain disruption are having a dramatic and unprecedented impact on hospitality operators’ food and drink bills, new research from Fourth has revealed.

Hospitality wage increases: inflation likely to erode benefits (Credit: Getty/Klaus Vedfelt)

Surge in chefs’ wages

By Rebecca Weller

Hospitality has been one of few sectors to have seen pay increases in keeping with inflation, but the cost-of-living crisis is likely to erode the benefits, according to Indeed Hiring Lab.

Staffing issues: operators are offering a variety of incentives to attract and keep employees (image: Getty/ablokhin)

1 in 10 roles remain vacant

By Nikkie Thatcher

Recruitment and retention are still major concerns for the sector with staffing issues looking to set back the sector’s recovery from the pandemic, according to new research.