“Surprise is the greatest gift which life can grant us.”
– Boris Pasternak
Restaurant rebound
Nearly 30-35% of the restaurant industry may not exist post-Covid
Revenues are down, but fixed costs like rent and salaries will still have to be paid
The industry must reimagine the business—from dine-in services to hygiene practices
Restaurants may also have to rent out kitchens and move to revenue-share agreements
Uncertainty and fear were the overriding emotions of the nearly 1,000 Indian restaurateurs who tuned into an hour-long webinar last week. Appropriately called “After the Bloodbath, Emergency Revival Plan for the Restaurant Sector,” the webinar was replete with questions and strategies to salvage their businesses.
But many will not survive.
“30-35% of our industry will not exist post-Covid,” Jimmy Shaw, managing director at luxury hotel The Waterfront Shaw told The Ken.
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