News Formal

Industry fears ‘one restaurant closure a day’ across Ireland as inflation bites

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

'There is one hospitality business per day that’s closing at the minute, the last time we had that was in 2012. I think we could exceed that statistic in the next number of months' - Adrian Cummins, chief executive of the Restaurants Association

The Restaurants Association has said closures in the hospitality sector could hit recession levels due to a perfect storm of factors.

Adrian Cummins, chief executive of the organisation, said the government is not taking the issue seriously enough. “We’re at the start of an economic crisis affecting the hospitality sector. There is one hospitality business per day that’s closing at the minute, the last time we had that was in 2012,” he told the Business Post.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Property market headed for ‘perfect storm’ of rising costs and flattening or falling pricesExperts and estate agents give their verdict on ESRI’s latest assessment of Irish market and whether house prices are 7 per cent overvalued
Source: IrishTimes - 🏆 3. / 98 Read more »