UK hospitality to face staff shortages, margin pressures
ANI
14 May 2021, 19:18 GMT+10
London [UK], May 14 (ANI): The UK hospitality sector is facing staff shortages as the pandemic restrictions are gradually lifted and demand returns, Fitch Ratings has said.
EU nationals who left the country following Brexit and employees who switched sectors during the pandemic are the main reasons for anticipated shortages. We expect hospitality companies like pubs, hotels and restaurants to incur additional costs of hiring and training new employees, although such margin pressures are likely to be temporary, said Fitch.
The UK pandemic restrictions are being gradually phased out following successful vaccination rollouts so far and reduced infection rates.