Debt moratorium top demand for hospitality
Confidence is at rock bottom among the bosses of Britain’s pubs, bars and restaurants, with securing a moratorium on debt payments now their main business objective, latest research shows. With cashflow concerns topping their agendas, rent has become the number one specific issue, the latest CGA Business Confidence Survey confirms. Although immediate survival is the top priority, many operators are tentatively developing recovery plans, but with predictions of a return to vastly different and contracted market to pre-COVID times. The poll of over 120 senior executives and entrepreneurs from across the eating and drinking out market was conducted by CGA, in association with hospitality technology specialist Fourth, during the week beginning April 20.