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The foodservice and hospitality industry will not recover to pre-coronavirus levels until 2025 at the latest, according to a new report.
The Immediate Future for Hospitality/Foodservice report predicts the industry will shrink by almost half in 2021, with 22% of hospitality outlets closing by the end of this year.
The report states that revenues across the industry will fall by £23bn, achieving only 53% of 2019 levels.
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