The hospitality industry has warned of an estimated £350m hit from the latest train strikes, lifting the cost to businesses to more than £4bn since the action began.
The Night Time Industries Association said it was “deeply concerned” that the strikes would tip more businesses into administration.
According to NTIA figures, there was a 22% increase in hospitality businesses filing for administration last year compared with 2022, and a 91% increase on 2021. An analysis conducted by Shakespeare Martineau, the law firm, suggests that the hospitality industry accounted for 12% of last year’s administrations.
