The biggest issues in hospitality in 2016

There are several challenges that have not only faced the hospitality industry, but will continue to affect the market in the upcoming months. Wage increases, Brexit and increases in rent pose economic challenges for businesses. There are changes in consumer demand and preferences which highlight the new trends and demands from consumers, like trending away from meat and exploring vegetarian options. Sites like Airbnb have come under scrutiny by questioning some of the hosts being exempt from safety regulations that have been put into place.

Key Takeaways:

• The change received a mixed response from the industry, with chains including Starbucks, Bar Soba and Five Guys choosing to raise wages ahead of the April deadline.
• Airbnb has always been quick to dismiss the claims, instead arguing that its platform gives consumers greater ‘choice’ in the accommodation market.
• There was a rise in the number of restaurants offering vegetarian and vegan menu options this year with a third of diners admitting to reducing their meat intake.

“The change received a mixed response from the industry, with chains including Starbucks, Bar Soba and Five Guys choosing to raise wages ahead of the April deadline.”

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