The hospitality sector was one of the hardest hit by Covid-19. Most businesses were forced to close temporarily. The sector received support from the government including its reduced Vat rate along with the support provided to other sectors, like tax warehousing. Now large parts of the sector are being used as emergency accommodation for Ukrainian families fleeing the war, which, from a financial perspective is also acting as a subsidy to a portion of the sector while increasing demand for the rest. That said, the sector has also had to cope with rising energy costs, rising wage bills, rising food…

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