Why stagflation could reshape the hospitality industry again

The term stagflation is reappearing in forecasts, bringing back echoes of the 1970s, when inflation surged, growth stalled and uncertainty defined both consumer behaviour and business decision-making.

This week’s report looks at that period and, more importantly, what it means for today.

Back then, hospitality was small and still developing. Today, it’s a vast, deeply embedded sector - more exposed to energy costs, labour pressures, and global supply chains. That difference is critical.

Some familiar patterns are already emerging, particularly the shift toward value and pressure on the middle. But this time, the scale of the market means the impact could be far more significant.

The key point: stagflation doesn’t destroy industries - it reshapes them. And those who understand early what kind of environment they’re in tend to come out ahead.

The full article explores what this could mean for operators and the months ahead – read it here.