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Tourism records 'most widespread' price rises of any sector in November

Operators
Will Payne
14 December 2021

The UK’s tourism and recreation sector, which covers agents, operators and related services, saw the most widespread price rises of any service sector in November, according to new analysis by Lloyds Bank.

Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022

According to the company’s UK Recovery Tracker, the pace of the Covid-19 recovery slowed last month, with only ten of the 14 sectors monitored posting output growth, two fewer than in October. Just four saw output growth accelerate month-on-month.

Industrial goods (91.5) and chemicals (90.6) businesses saw the second and third highest prevalence of input price rises respectively, while the tourism and recreation sector (90.5) saw the most widespread price rises of any service sector category.