HotStats, the global leader in monthly profit and loss data benchmarking, and Springboard UK, which provides career advice and guidance to individuals who are either out of work or looking to achieve a career in hospitality, are working together to support the important initiatives pertaining to getting the hospitality industry back up on its feet.
With the labour model upended due to the COVID-19 pandemic, promoting hiring in the hospitality industry is key. This includes “Springboard to 2022,” an industry solution to tackling hospitality, leisure and tourism’s long-term staffing crisis due to the pandemic. Springboard’s goal is to have 10,000 young people trained and ready for work, futureproofing the talent pipeline for hospitality.
In light of the current situation, there is no better time to support industry initiatives such as this, in the earnest endeavor to lift businesses up and help the 2.9 million people who are unemployed or furloughed as a result of COVID-19.
Amid the recovery, HotStats’ ability to track global industry performance across a wide spectrum of key performance indicators, including labour, will help drive the rebound and bring operational performance back to pre-pandemic operating norms.
As of June 2021, total hotel payroll in the UK was down nearly £20 per available room—which though illustrating cost containment, also shows the lack of current labour participation. As hotels continue to ramp back, expectations are that labour will follow.
“Labour is the most vital component of a hotel and ensuring its long-term viability is key for the hotel industry,” said Pablo Alonso, CEO of HotStats. “We are proud to support an organisation like Springboard, which promotes the hospitality industry as a viable career.”
“We’re delighted to welcome HotStats on board as a Corporate Patron." said Chris Gamm, CEO of Springboard UK. "We already have a great relationship with HotStats who have a representative on our North-West Advisory Board and this is a brilliant next step. We look forward to continuing the good work together."
HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 different brands and independent hotels. HotStats provides more than 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales and departmental and total hotel profitability.
About Springboard UK
Springboard UK provides specialist career advice and guidance and champions the hospitality industry, promoting it as a rewarding and worthwhile career path. It collaborates with business partners to imaginatively attract and retain talent.