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More than 100,000 official restaurants have been forced to close as a result of the pandemic, according to restaurant unions, but they are already seeing a recovery in the gastronomy business this year.
For Association of hotels, restaurants, etc. Peru (now) there will be no more restaurant closures this last quarter of the year as they benefit from VAT cuts in this sector.
But the recovery is forcing gastronomic entrepreneurs to bet primarily on chicken stores, as Now points out that eight out of 10 restaurants opened this year are in this type of grilled chicken business.
“80% of businesses that open this year will chicken storeswhen in 2019 they were only 60%. These businesses have become a haven for insolvent restaurants, and even existing pleria chains are opening new establishments. The point is, with grilled chicken, there is no wastage and demand is guaranteed,” Blanca Chavez, president of Ahora, told the Gestión newspaper.
How is the restaurant business?
The union points out that in the first five months of this 2022, restaurant sales are up 50% from what was recorded last year.
It is even predicted that this year the indicators recorded in 2019 will already be achieved, that is, pre-pandemic levels will be reached.
“Despite the recovery of sales in the sector at pre-pandemic levels, profitability will no longer be the same, taking into account growth reserves that are being used,” Chavez said.
The industry representative added that due to the rise in prices, restaurants have been forced to raise the price of their meals by 10%.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.