Unfortunately, when times get tight, it becomes that bit more difficult for members of the public to justify spending that extra bit of cash on a stay in a hotel or that meal out, so trade can suffer.
However, as a rule, the hospitality sector has managed to remain reasonably stable thanks to the feelgood factor of events such as the Diamond Jubilee and London 2012.
Now, it seems as though the tide may be beginning to turn again in favour of the jobseeker, with a host of new job announcements made by big restaurant chains over the past few weeks.
It appears that 2013 has been a boom month for those keen on securing work in the industry, which has gone towards helping ease the UK's unemployment crisis.
Indeed, statistics released by the Office for National Statistics (ONS) revealed that UK unemployment total has now dropped to its lowest level for 18 months.
In other good news, the number of people across the country in work has reached another record high.
The jobless numbers fell by 37,000 between the months of September and November to reach just 2.49 million, while the amount of people in work shot to 29.7 million.
With hospitality a major industry in the UK, it will have played its part in this and employment minister Mark Hoban said the news was very welcome.
"These are very positive figures showing employment rising for 15 months and despite difficult economic circumstances, unemployment is lower than when this government took office," he said.
It looks as though the hospitality sector could soon provide a greater boost for the UK's employment figures too, with a host of new developments announced around the country since the turn of the year.
The first Cloverleaf Restaurant has been given the go-ahead in Glasgow, while McDonalds is set to embark on a huge recruitment drive in various parts of the UK as well.
Meanwhile, the Southern Daily Echo reports that a new shopping scheme in Totton could create as many as 70 jobs, with the facility likely to include a KFC and a Costa Coffee.
Spokesman for Gentian Developments, who is involved in the project, George Mellery-Pratt, told the newspaper: "Gentian Development Group is committed to this significant investment in Totton.
"The development will regenerate this gateway location and deliver approximately 70 jobs."
Similarly, in Felixstowe, there has been permission granted for a new Prezzo to open on the high street, which is being tipped to create as many as 20 full-time jobs.
There's no reason, either, to say that this trend couldn’t continue. After all, momentum quickly builds and could mean more expansions from other firms in the sector.
It seems as though 2013 could be the year of hospitality, meaning good news for those keen on forging a career in it.
Berkeley Scott provides specialist advice and support to help you with hospitality careers