Monthly Archives: February 2024
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Posted: February 15, 2024
Despite the beauty of the Hospitality industry, it is under pressure. What were once temporary obstacles have now become persistent problems. Rising raw material prices, acute staff shortages, and financial pressures make entrepreneurship challenging and complex.
Recent figures show that costs for the hospitality sector have increased by an average of 21% in recent years, directly impacting profit margins. At the same time, the industry is facing a shortage of around 60,000 workers, adding to the pressure on existing staff.
According to Hub of Hospitality, it is high time for change.
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