The UK hospitality sector is worth £100 billion a year having grown at around 6% over the last five years.1 With over 200,000 businesses providing accommodation and food services in the UK, it is more important than ever to provide the best possible experience if you are running a hospitality business.
Investing to grow is a well-developed strategy in the hospitality space, an investment cycle now reduced to around three years.
But what to invest in… and how?
There are the obvious bricks and mortar investments that the banks will help you with.
But what about kitchen equipment, bar backs, bar and dining room furniture, lighting, room theming and artwork, extensions, fit out, leisure facilities and the less obvious things such as carpet, lighting (interior and exterior), curtains, blinds, soft furnishings, reception areas?
PwC also recently reported that 2018 has been a boom year for the hospitality sector.
There has never been a better time to invest in your hospitality business. And the power of alternative funding models – puts business growth right in the palm of your hand.
Want the entire 9 Step ‘Invest for Profit – 9 ways alternative funding can impact your hotel and restaurant business and create growth’ guide? Grab your free copy here.