The total turnover of all UK businesses in the hospitality sector providing 'Accommodation and Food Services Activities’ will reach £100 billion this year, according to an analysis of ONS data by recruitment platform Adia.
Total turnover of all hospitality businesses reached £98 billion in 2017, up from £92 billion in 2016 and £86 billion in 2015.
The analysis also revealed that the number of people employed in the sector is now more than 2.3 million.
That means a 21% increase compared to 2013 - when the total amount of people working in the industry stood at 1.9 million.
Adia CEO Ernesto Lamaina said: "Our analysis indicates that the amount of people working in the sector has increased by over 409,000 in the last five years, which is testament to the health of the industry.
"However, as we’re seeing across the entire economy – the way we’re working and employing is changing. Employees expect flexibility and often, employers require it - businesses must respond to that.
The number of companies providing accommodation and food services activities in the UK has grown by almost 20% the last five years, having reached 202,060 - up from 169,235 in 2013.
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