It is clear that bars, pubs, restaurants could be some of the last consumer facing businesses to exit the government enforced lock down.
UKHospitality wrote to MP Michael Gove recommending a six-point plan to help the country’s hospitality businesses reopen following the crisis.
The letter highlights how many hospitality businesses would not be able to operate profitably while implementing social distancing measures and set out the need for a pragmatic, evidence-based plan to help businesses open when it is safe to do so.
The letter stressed the need for a phased approach to avoid a ‘yo-yo effect’ of openings and closures which could see businesses fail and up to one million jobs lost.
The six-point plan recommends:
UKHospitality chief executive Kate Nicholls said: “With social distancing measures still in place, reopening the hospitality sector without a plan would be catastrophic. The hospitality sector was one of the first hit by the crisis and the hardest hit in terms of lost revenue. It will also be one of the last to fully emerge from the lockdown.
Whilst we wait to see what additional assistance central government can provide. There are a number of actions management could and should be employing in the short-term.
The key for each business will be a co-ordinated road map that helps management, shareholders, funders, professionals alike prepare for what comes next and make reasonable assumptions about a post lock-down environment.
Polestar is currently supporting food and drink, hospitality and leisure clients stakeholder interactions, fund raising and planning and preparation. If you would to discuss your present circumstances, please get in touch.
….the hospitality sector without a plan would be catastrophic. The hospitality sector was one of the first hit by the crisis and the hardest hit in terms of lost revenue. It will also be one of the last to fully emerge from the lockdown.