70% of Ohio hospitality business owners plan to increase prices: report

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Ohio

According to the latest state of the industry report, it is unlikely that prices would be falling any time in the near future, according to sources.

citing a report from the Ohio Restaurant & Hospitality Alliance , 91% of Ohio business owners said they increased prices to offset rising operational costs.

This month, 70% of Ohio business owners reported that they planned to increase their prices once again, per WTOL 11, citing the ORHA.Per the station, Dible owns four Biggby locations in northeast Ohio. Speaking to the station, Dible said operational costs had risen since the COVID-19 pandemic, noting the price for six bags of espresso beans has risen from $100 per box to $180.

The ORHA spoke with WTOL and told the station's reporters that according to the latest state of the industry report, it was unlikely that prices would be falling any time in the near future.

 

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