ONS has published the results of two of their most recent surveys, one which focuses on business impact and one which focuses on social impact. Below you can find key points from the results, that might have effect our industries.
Business Impact Survey
ONS has published the results of their latest business impact survey which covers the period from 29th December to 9th January. It shows that while 76.7% of all businesses are fully trading at the moment, accommodation and food services is the sector most impacted by omicron with only 57.6% of businesses trading fully. This is followed by transportation with only 66.3% of businesses trading fully.
The survey also indicates that 60% of businesses in the accommodation and food sector experienced a decrease in revenue over this period compared to just 32% across all industries. This is followed by the Arts, Entertainment and Recreation sector in which 40% of businesses reported a decline in venue.
In the survey 11% of businesses reported that they had no cash reserves, while 7% reported low or no confidence they would survive the next three months. This compares to the 26% of businesses having no cash reserves and 40.8% of businesses having low or no confidence in their survival in the Financial Impact survey that we completed this week.
Social Impact Survey
ONS has also released another wave of its social impact survey. Some of the key points for the tourism industry are:
- UK daily flights were 68% of the level seen in the equivalent week of 2020 in the first week of January. The is about 2.5 times the number of daily flights in 2021 which is a step in the right direction.
- The seven-day average estimate of UK seated diners fell by 48 percentage points in the week to 10 January 2022, to 88% of the level in the equivalent week of 2020; in London and Manchester seated diners fell by 23 and 57 percentage points over the same period