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Highlights:
- Hospitality business owners in the North East are saying that the cost-of-living crisis has made it harder than COVID-19 for them in the run-up to Christmas.
- While business for them is more than the rest of the year due to Christmas, it is significantly lesser than usual, typically seen during this time.
Hospitality is among the most impacted sectors due to the cost-of-living crisis. Brits are cutting down on non-essential expenses amid soaring inflation, and businesses are forced to raise their prices due to the rise in input costs. As a result, the revenues of firms in the hospitality industry are falling.
The government has tried its best to provide relief to businesses. For example, the energy bill support scheme is expected to keep the energy bills for businesses in check. However, the scheme will only be in place till 31 March 2023, and there have been no clear indications of how things will be for businesses after that.
With the festive season just around the corner, businesses have been waiting for an update on the energy bill support scheme. But, the Treasury has delayed its plans to reveal what will happen after 31 March when the support package expires.
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Image source: KarepaStock, Shutterstock
A recent report by BBC quoted hospitality business owners in the North East saying that the cost-of-living crisis has made it harder than COVID-19 for them in the run-up to Christmas. This has led to fears that there may be no happy new year for these businesses this time. While the business is more than the rest of the year during this time, it is significantly lesser than usual than is normally seen, as per a business owner.
Here are three UK-listed hospitality stocks that investors can look at.
Restaurants Group Plc (LON: RTN)
The restaurant and pub operator belongs to the FTSE All-Share index and has a market capitalisation of £219.11 million. As of 10:33 am GMT on Wednesday, the stock traded at GBX 29.22, up 2.03%. In the past year, RTN’s stock has depreciated by 63.98%. The stock had an EPS (earnings per share) of -0.05 at the time of writing.
Marston's Plc (LON: MARS)
Marston's operates hotels and pubs in the UK and has headquarters in Wolverhampton. The company's shares traded at GBX 37.74, up 0.43% at 10:40 am GMT on Wednesday. With a market cap of £238.31 million, the stock has offered a negative return of -44.79% to investors in the past year. The EPS of the FTSE All-Share constituent also stands in the negative territory at -0.57.
Fuller, Smith & Turner (LON: FSTA)
Fuller, Smith & Turner is based in London and belongs to the FTSE All-Share index. It owns and operates nearly 400 hotels, inns, and pubs across the country. As of 10:55 am, GMT on Wednesday, the company's stock price stood at GBX 510.00. Holding a market cap of £199.57 million, it has given a negative return of -24.85% at the time of writing. The EPS is positive at 0.13.
Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
