England takes full advantage of Covid’s rules and relaxes, ONS figures show | Hospitality industry

The whole people England This week we are in a hurry to get the most out of our coronavirus limits. Newly announced official figures show a surge in restaurant reservations and road traffic.

As British pubs, cafes and restaurants reopened on Monday for outdoor dining and drinking Many people booked in advanceDon’t miss the opportunity to meet friends and family while eating again, despite the cold and snowy weather in some parts of the country.

Bookings for eating out on Monday jumped to 79% of the levels recorded on the equivalent Monday of 2019, a year before the coronavirus pandemic. National Bureau of Statistics said, Use OpenTable numbers.

This is the first time seated diner bookings have exceeded 2% of 2019 levels since the latest blockade was announced in January. In London and Manchester, bookings jumped to 47% and 153% of 2019 levels, respectively.

The venue was only allowed to serve outdoor people, limiting the number of reservations possible.under Government four-step plan from blockade, All hospitality facilities should be able to reopen indoors from May 17th.

Another industry data released earlier this week showed UK pubs and restaurants that opened on Monday. Sold more than double the drinks on the same day in 2019, And one pub boss said it was similar to a Christmas deal.

Non-essential shops, beauty salons, gyms, theme parks, zoos and campgrounds have also reopened on Monday, leaving more people on the road. According to Ministry of Transport statistics, the number of cars on the street on Monday was 91% of the level since the first week of February 2020, the highest level since November.

Hospitality companies and retailers are hiring more staff before they reopen, pushing online jobs to the highest level in over a year.

According to ONS, UK online classified ads on April 9 were the highest since early March 2020, comparable to the average level recorded in February last year using data from online job search engine Adzuna. .. This was partly due to the significant increase in the catering and hospitality categories, reaching the highest level since March 2020.

According to recruitment agency Morgan McKinley, London financial services companies will also re-employ in the first three months of the year, making 70% more jobs available than last quarter and 50% more jobs than March 2020. became.

Hakan Ember, UK Managing Director of Morgan McKinley, said: “Financial services got off to a strong start until 2021. We see the sector recovering at a faster pace than expected as vaccines roll out rapidly and break out of the blockade. We hope that this recovery and confidence will continue as we are unleashed and resume normal working life. “

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The housing market continues to be strong. The Bank of England’s latest credit survey shows that lenders are offering more loans and higher loan-to-value mortgages to consumers and are preparing to lower mortgage rates over the next three months. I did.

However, a Bank of England study showed that the number of small businesses that defaulted on loans has also increased over the past three months. This number is expected to rise further in the second quarter of 2021 and will also increase defaults for midsize businesses. Bankruptcy remains at a low level, but this is just the calm before the storm, accounting firm Azzets said.

Duncan Swift, Azets’ restructuring and bankruptcy partner, said: This cannot last forever. In past recession shocks, the maximum number of corporate failures occurs shortly thereafter. Not before or in the middle. “

England takes full advantage of Covid’s rules and relaxes, ONS figures show | Hospitality industry

Source link England takes full advantage of Covid’s rules and relaxes, ONS figures show | Hospitality industry

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