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

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.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »