After a week stuck at home due to train strikes, Bull and Bear meet up in their usual pub to discuss the hospitality sector and explore whether it should be on investors’ buy-lists.

The hospitality sector represents 10% of UK employment, 6% of businesses and 5% of UK GDP.
According to UKHospitality, more than 10,000 pubs and restaurants are at risk of closure. Lots of independent operators are already handing in their keys and walking away.
According to Knight Frank/MSCI, between 1981 and 2020, Leisure Parks considerably out-performed virtually every other mainstream property asset class, delivering an annual average total return of +11.2% (All Property +8.6%, All Retail +8.0%).
The current spread in yields between leisure and the other main sectors is pretty eye watering.