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. The ones that do will not see business bounce back in a hurry, added Shaw, a member of The Federation of Hotel and Restaurant Associations of India (FHRAI).