See our video services!
At The Guide Liverpool, we’ve been helping businesses promote themselves and reach new clients and customers for years. Our professional video crew can help you increase engagement, interaction and revenue by presenting your business to a wide audience with a creative, exciting promotional video for use on multiple online channels.
Over the last sixteen weeks the NatWest North of England Tourism Business Barometer has taken the temperature of the North’s tourism business environment including changes in employment, trends in revenue and overall business confidence. The study commenced in mid-July when the UK was emerging out of lockdown and covered a period up to and including the introduction of the government’s three tier alert level in late October.
Led by Marketing Manchester, nine tourism boards – otherwise known as Destination Management Organisations (DMOs), including Cumbria Tourism, Marketing Cheshire, Marketing Lancashire and Marketing Liverpool from the North West – were involved and recruited businesses from within their tourism economies that consistently participated in a regular survey.
At a roundtable event held on Friday 20 November, leaders from across the north came together with businesses that participated in the survey and senior economists from NatWest. Together they analysed the journey that the north of England’s tourism, hospitality and leisure sector undertook throughout the study period, how it can learn from the study, and move forward through the challenging winter and into recovery next year.
Keep smiling Liverpool, we have all of this going for us. ? RT if you love this city as much as us.
— The Guide Liverpool (@TheGuideLpool) November 20, 2020
One of several key findings across the north of England that the study revealed is that businesses have, and continue, to carry significant losses to revenue, with 31% of businesses reporting a revenue loss of over 60% even at the peak of resumed business activity in late August. This was when the visitor economy had largely reopened after the first lockdown and initiatives such as Eat Out to Help Out were having a positive impact. Overall, around half of businesses were trading at a loss of over 60% for ten out of the sixteen weeks of the study.
Businesses across the north of England have had to make significant reductions to permanent and temporary staff, and from the end of September and throughout October half of businesses reported that they were downsizing their permanent staff over the next month.
Other key findings show that: a third of businesses reported forward bookings for January to March 2021 being significantly down on where they would usually be; that business confidence in revenue recovery has shifted from July 2021 at the beginning of the study to January 2022 at the end of the study; and that overall concerns about business survival shows that 21% of businesses are unsure if they will still be trading next summer.
“The findings from this study are crystal clear about the desperate state many of our businesses find themselves in, with confidence ebbing away the longer we are in this crisis. The figures around half of businesses downsizing and 21% being unsure if they will still be trading next summer are particularly depressing to hear, and underline why Government needs to provide proper support for this industry, which is so vital to the UK’s economy.”
“Tourism and the wider hospitality and leisure sector has faced and continues to endure unprecedented challenges as a result of the COVID pandemic. The tourism barometer has charted the ups and downs of businesses in the sector over the last four months and the final survey points to low confidence for the immediate future, and hence, the need for central and local government support, alongside business leaders and providers of finance, to work together to help the sector rebuild for the future when it becomes clear that widespread vaccination will permit a new normal to emerge for tourism.”
Sign up with us to receive the latest news, straight to your inbox!