By Jennifer Sieg Hospitalitysector closures in Britain have slowed this year thanks to a “modest revival” in independent restaurants and dining out, a new report has revealed. There were an average of four closures a day in the first quarter of 2024, according to the latest Hospitality Market Monitor by CGA by NIQ and AlixPartners, which is down from an average of eight a day in 2023. Despite the market being down by 2.5 per cent year-on-year, with one in 40 venues shutting in the past 12 months, the report signals a slow yet positive return to “cautious confidence” for the hospitality industr…