The number of UK hospitality businesses is increase: 17% over 5 years

Monday, March 13, 2023

The analysis highlights the resilience of the hospitality sector which, despite economic challenges, has reported a sharp surge in business over the last five years

Hosting and restaurant operations in the United Kingdom have increased by 17% in the last five years, resulting in an extra 25.000 new enterprises in the industry.

Between 2021 and 2022 alone, over 8.000 restaurant industries will be added.

The results have been compiled by Business Name Generator, which uses data from the Office of National Statistics' business activities report for the UK.

The analysis reveals the sectors where the growth has been the greatest over the last few years.

Hospitality industries grew by 4th most of the UK's sectors over the last five years, ahead of sectors such as the retail sector, finance and agriculture.

Top 5 industries by company for the past five years:

Despite this growth in the UK hospitality business, the sector will face further challenges.