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Cost of Living Crisis

The ASSC is working with the Scottish Tourism Alliance and other tourism stakeholders to address the increasingly concerning news around the cost of living crisis.

We met with Scottish Government Officials yesterday to illustrate the severity of both the current and upcoming financial impacts on tourism and hospitality businesses as a result of the accelerated cost-of-living crisis.

We have provided insights on declining domestic consumer spend, a slow-down on bookings for accommodation and events as well as the direct impact on bottom line performance as a result of input costs, specifically energy.

STA Chair, Stephen Leckie met with the Deputy First Minister of Scotland, John Swinney, along with businesses from other sectors, to highlight areas of opportunity and consideration to moderate regulatory impacts to hep reduce the burden on businesses over the short term and during the current cost crisis.

The ASSC and STA will continue to engage with key stakeholders to gather insights to ensure we can best represent the outlook and needs of the industry as the cost crisis continues to bite. 

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