A hospitality expert has delivered his verdict on how Nottingham's restaurants and venues could change in the future on the back of the recent closures in the city due to 'skyrocketing' running costs. Guy Lincoln, a hospitality reasearcher at Nottingham Trent University, has explained why the the industry is now facing the "perfect storm" - and how a city like Nottingham could potentially see a complete highstreet reshuffle. Olimpia Zagnat reports.
The hospitality industry has been hit by "significant" rise in costs - and "you would be stupid to think otherwise", says Mr Lincoln. All the costs that come with running a business - from energy bills to supply - have gone up, creating what the expert labelled as a "perfect storm".
"It is well known that the biggest kind of challenge for hospitality businesses is cash", Mr Guy said. "It is not profitability or anything like that.
