THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 308
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Iran Conflict Sparks Energy Cost Warning for UK Hospitality Sector As Pub And Bar Operators Face Surge In Fuel Bills
The Bowden Group Hospitality Business Mentoring since 1989
RECONDITIONED & SECOND USER CATERING EQUIPMENT
UKHospitality chair Kate Nicholls has sounded the alarm as businesses coming off existing energy agreements begin to feel the immediate financial consequences of the regional turmoil. "Many rural hospitality and tourism businesses are off grid
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The escalating conflict involving Iran is sending shockwaves through the UK's hospitality and licensed on-trade sector, with industry bodies warning that surging energy costs could prove "devastating" for operators — particularly smaller independents who lack the protection of fixed-rate energy contracts.
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and will be particularly exposed to the significant hikes to heating oil prices," she cautioned. The warning comes as Brent crude climbs to around $103 a barrel — approximately £82 — while European gas prices have also risen sharply following attacks on energy infrastructure and disruption to shipping through the Strait of Hormuz.
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