Hospitality leaders have said sector job losses could hit Covid levels unless "urgent action" is taken to cut business rates and VAT.
UKHospitality has claimed more than half of UK job losses since the last Autumn Budget have come in its industry.
Its analysis of Office for National Statistics data suggests job losses across restaurants, bars, and hotels total just under 90,000 since October 2024.
The industry body, which represents over 123,000 venues, says chancellor Rachel Reeves' Autumn Budget tax hikes disproportionately hit investment and hiring, and called for "urgent action" to slash business rates and VAT.
Speaking to the BBC, Kate Nicholls, chair of UKHospitality, said: "What we're seeing at the moment is a third of businesses cutting their opening hours, one in eight saying that they're closing sites, and 60% saying they are cutting staff numbers.
"We could see very significant business closures and failures and accelerated job losses going in to next year, and it could be as high as we saw during the Covid period.
"The sheer scale of costs being placed upon hospitality has forced businesses to take agonisingly tough decisions to cut jobs – with part-time and flexible roles often those most at risk."
A spokesperson for the Treasury said: "Pubs, cafes and restaurants are vital to local communities, that's why we're cutting the cost of licensing, helping more pubs, cafes and restaurants offer pavement drinks and al fresco dining, and extending business rates relief for these businesses – on top of cutting alcohol duty on draught pints and capping corporation tax."