Recent statistics indicate a notable upswing in the revenue of London's hospitality sector, reaching an impressive £46 billion in the past year, a marked rise from £43 billion in 2019. This robust growth has played a significant role in bolstering the overall economic recovery of the nation.

According to data released by UKHospitality and CGA, London's hospitality sales have outpaced the national average, experiencing a monthly growth rate of 7.7%, in contrast to the 5.6% observed nationwide.

The mayor of London, Sadiq Khan, has expressed satisfaction with these findings, highlighting the pivotal role played by London's pubs, bars, restaurants and music industry in driving the country's economic resurgence.

Sadiq Khan commented:

"London’s pubs, clubs, bars and restaurants are unrivalled and I’m delighted that they have helped our capital roar back from the impact of the pandemic.

With figures now better than before the pandemic, it really shows the phenomenal resilience in London hospitality.

The success of our world-leading hospitality sector over the last 12 months is alongside some incredible live music events that have brought huge crowds to our capital. 

However, we know much more still needs to be done to protect grassroots live music venues and those hospitality businesses that continue to struggle during the ongoing cost-of-living crisis and growing challenges with recruitment.

We need government to step-up and do more to appreciate the crucial cultural, economic and social value of these venues and ensure they have the support they need."

Despite concerns surrounding closures, the city witnessed a 4% surge in new restaurant openings, exceeding 250 establishments in the past year.

Looking ahead, London anticipates the launch of several exciting ventures in the hospitality sector, with upcoming additions such as Josephine in Chelsea, Three Sheets in Soho, and the much-anticipated debut of England's first Guinness Storehouse in Covent Garden.

Amy Lame, London's night czar, said:

“From our world-leading venues, festivals and restaurants to our intimate small music stages and independent bars and pubs, London really has something for everyone when it comes to live music and hospitality.

I’m delighted to see London roaring back after the pandemic, but we know some venues still have challenges.

They are at the heart of our communities and provide a vital platform for aspiring artists and entrepreneurs as well as boosting our economy. I’d encourage everyone to make the most of what London has to offer this year, especially our independent venues." 

Source: Dine Out Magazine website