Number of UK Hospitality Businesses on the Rise, With 17% Increase in Five Years

New analysis reveals the resilience of the accommodation and food ser vices industr y, experiencing a surge in business numbers over the last five years despite economic challenges

The number of accommodation and food ser vices businesses in the UK has risen by 17% in the last five years – resulting in an additional 25 000 new companies in the sector From 2021 to 2022 alone over 8,000 hospitality businesses joined the industr y

The findings were collated by Business Name Generator using data from the Office of National Statistics’ repor t on UK business activity

The analysis uncovers the industries that have shown the most growth in recent years

Hospitality has experienced the four th largest growth out of all UK industries in the last five years, ahead of sectors including retail, finance and agriculture

Top 5 industries by business number surge over last five years:

1 Transpor t & storage – 26 42%

2 Proper ty – 18 81%

3 Construction – 17 23%

4 Accommodation & food ser vices – 16 56%

5 Retail – 13 95%

Despite this increase in UK accommodation and food ser vices businesses the sector is set to continue facing challenges According to a repor t by trade association UKHospitality, up to a third of UK hospitality businesses are at risk of closure despite achieving record sales in 2022 UKHospitality is calling on the UK government to give the suppor t the