{"id":197,"date":"2021-05-14T14:42:00","date_gmt":"2021-05-14T14:42:00","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/hospitality-industry-reopens\/"},"modified":"2025-12-17T14:45:39","modified_gmt":"2025-12-17T14:45:39","slug":"hospitality-industry-reopens","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/hospitality-industry-reopens\/","title":{"rendered":"Hospitality owners feeling both \u2018excited and anxious\u2019 about big reopening after pandemic losses amount to over \u00a340,000 each"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull has-no-margin hero-bg has-global-padding is-layout-constrained wp-block-group-is-layout-constrained has-background\" style=\"padding-top:var(--wp--preset--spacing--150);padding-bottom:var(--wp--preset--spacing--150);background-image:url(&apos;https:\/\/www.simplybusiness.co.uk\/wp-content\/themes\/simply-business-uk\/assets\/images\/faq-bg.png&apos;);background-size:cover;\">\n<h1 class=\"wp-block-heading has-text-align-center has-azure-700-color has-text-color has-link-color has-max-huge-font-size wp-elements-379df017929e2a04f64f006aeddf4107\">Hospitality owners feeling both \u2018excited and anxious\u2019 about big reopening after pandemic losses amount to over \u00a340,000 each<\/h1>\n\n\n\n<p class=\"has-text-align-center has-azure-700-color has-text-color has-link-color has-medium-font-size wp-elements-654ccb26f5cf7389fa277fcb70ab6ab1 wp-block-paragraph\" style=\"line-height:1.7\"><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Hospitality owners feeling both \u2018excited and anxious\u2019 about big reopening after pandemic losses amount to over \u00a340,000 each<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">Pub and restaurant owners are both \u2018excited and anxious\u2019 about reopening their doors on Monday, welcoming some \u2018normality\u2019 but citing the uncertainty around recovery as \u2018worrying\u2019<\/li>\n\n\n\n<li class=\"wp-block-list-item\">It comes as Covid-19 has cost pub and restaurant owners \u00a340,313 each on average, with owners expecting losses to reach \u00a345,470 in total<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Businesses in the food and drink industry have lost more than double the average small business during Covid-19 (\u00a315,673 each on average)<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Three quarters (76%) say the vaccine rollout has made them more confident about business recovery and over one in three (36%) remain confident about life after lockdown<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Pub and restaurant owners are both \u2018excited and anxious\u2019 about reopening their doors on Monday, welcoming some \u2018normality\u2019 but uncertain about the recovery from the pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In total, 68% of hospitality business owners have had to temporarily stop trading during the pandemic as a direct result of multiple lockdowns and restrictions. 45% have been earning less money, despite government grants, and only a quarter (27%) have been eligible for furlough.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Covid has cost pub and restaurant owners \u00a340,000 each on average in lost earnings, according to a study of businesses in the food and drink industry by small business insurer Simply Business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is more than double the amount that the average small business has lost so far during Covid-19 (\u00a315,673) \u2013 demonstrating the scale of the impact on an industry which has been particularly affected by the various lockdowns and restrictions of the past year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What\u2019s more, despite the reopening, owners expect losses to continue \u2013 with Covid-19 set to cost them \u00a345,470 each in total on average.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simply Business spoke to four UK pub and restaurant owners who have experienced prolonged closures to customers to hear their views about reopening on Monday. Unsurprisingly, there are mixed feelings &#8211; unease about how they will cope after such a long closure but excitement at getting their business back on track.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Emma Taylor, owner of Jack\u2019s bar and grill in Stockport,<\/strong>&nbsp;<em>\u201cWe are both excited and anxious to open on Monday. Unlike many others we\u2019ve had no outdoor space so this is our first opening in months. I\u2019m worried the public will expect our staff to be back to their old selves with full confidence straight away. Naturally, it will take a couple of days for us to iron out some cracks. But I can\u2019t wait to welcome customers through the door! Not just for the cash flow, just for some normality.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dobrina Nikolova, owner of Dobby\u2019s food, a bulgarian restaurant in Chatham, Kent, added:<\/strong>&nbsp;<em>\u201cI know there will be a lot of interest from customers but I\u2019m a bit nervous about it as I\u2019ve stayed at home for so long. I believe we naturally got out of the routine we were used to before the pandemic. We need time to get in full working mode again. But it is exciting that we finally get to open! I\u2019m happy that I will see my staff, my customers. It is nice to start doing the thing that defines me. As a restaurant owner, I was in my establishment for 20 hours a day, 6 days a week, it is something that I give all my heart to!\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ilja Abbattisa, owner of Taquero, a mexican street food restaurant in Banbury, Oxfordshire, added:<\/strong>&nbsp;<em>\u201cI am nervous about reopening. We have plenty of customers wanting to come in but we are lacking decent staff to run the business. It is becoming increasingly more difficult to get good staff. Chefs are the most difficult to find.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Runa Ahmed, owner of Gulab Tandoori, an Indian restaurant in Pentonville, London, said:<\/strong>&nbsp;<em>\u201cWe are very anxious about opening, we\u2019ve made such huge losses over the last year and the uncertainty around recovery is worrying.\u201d<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Signs of optimism in hospitality businesses as a whole<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the difficulty, 89% of food and drink business owners overall plan to continue or restart their current business, and more than one in 10 (11%) started a new business in the last 12 months \u2013 showing the clear resilience of the hospitality industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the vaccine rollout has boosted confidence among many hospitality business owners. Three quarters (76%) say the rollout has made them more confident about the recovery of their business. Nearly two thirds (63%) also say the government\u2019s roadmap out of lockdown has given them sufficient reassurance to plan the future of their business. Over a third (36%) remain optimistic about life after lockdown.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Business owners have also utilised the time in lockdown to spend more time with family where they can (60%), rest (37%), focus on themselves (30%) and learn new skills (20%). Over one in 10 (11%) have been able to use the pandemic to adopt new technologies into their business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alan Thomas, UK CEO at Simply Business comments:<\/strong>&nbsp;<em>\u201cFew have been hit harder than the hospitality industry in this last year, and the scale of the impact on small businesses and the self-employed is abundantly clear in our latest research. Covid-19 has cost pub, restaurant and cafe owners over \u00a340,000 each on average, which is a huge collective loss to the economy.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cMore importantly beyond the economic hit, we should recognise that behind each of these small businesses is a small business owner \u2013 each with families, livelihoods, and dreams. The impact of the pandemic on so many of these individuals and their communities has been devastating, both financially and emotionally.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cAgainst such a tough backdrop it&#8217;s inspiring to see small business owners display such resilience \u2013 and this is especially true for the hospitality sector where 89% plan to continue or restart their current business. So as hospitality owners prepare to safely reopen their doors, there are reasons to be hopeful \u2013 as the country can enjoy a well-deserved meal or drink with friends and family.\u201d<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">-End-<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Data: Survey of 123 small business hospitality owners from across the UK, conducted March 2021<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For further information, please contact:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Frank PR<br><a href=\"mailto:SimplyBusiness@welcometofrank.com\" target=\"_blank\" rel=\"noreferrer noopener\">SimplyBusiness@welcometofrank.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading wp-block-block\">About Simply Business<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__http:\/simplybusiness.co.uk__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CgxPfLGQ$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply Business<\/a>\u202fis one of the UK\u2019s biggest business insurance providers, specialising in public liability insurance for small and midsize enterprises. Launched in 2005, Simply Business provides an online brokerage service, delivering policies tailored to individual business requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using the power of tech and data to create the best possible customer experiences, Simply Business employs over 1,200 people across offices in London and Northampton, UK; and in Boston, Massachusetts; and Atlanta, Georgia, in the U.S. Owing to the insurance provider\u2019s internal underwriting capability and expert panel of insurers, Simply Business can cover over 1,200 trade types \u2013 ranging from plumbers to accountants to dog walkers.\u202fIts UK brand campaign \u2013 \u2018<a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__https:\/www.simplybusiness.co.uk\/campaign\/small-businesses-deserve-our-best\/__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CxklTDMU$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply The Best<\/a>\u2019 \u2013 aims to help UK small businesses feel \u2018the best\u2019 about their business insurance.<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-800-color has-cyan-100-background-color has-text-color has-background has-link-color wp-elements-86c736f3dcae423b1758adb8308d063f has-global-padding is-layout-constrained wp-container-core-group-is-layout-80fb368b wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)\">\n<p class=\"has-text-align-center has-xsmall-font-size wp-block-paragraph\">We create this content for general information purposes and it should not be taken as advice. 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Pub and restaurant owners are both \u2018excited and anxious\u2019 about reopening their doors on Monday, welcoming some \u2018normality\u2019 but 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