How will Covid19 affect the restaurant industry?
We put it to the public to get their thoughts via Twitter and here are the (perhaps) surprising results!
With 75.6% of voters saying they won’t change their dining habits, it’s looking positive for the UK at this point in time, it might not hit us as hard as we are all anticipating. However, from a recent BigHospitality article, it appears to have had some effect on restaurants in the capital.
Our guess is that worries about infection and worries about future earnings are “negative factors”, whilst consumers cancelling foreign holiday plans and having more money to spend in restaurants is a “positive factor”, along with a transfer of travel plans to “internal” domestic tourism.
Remember you can always keep an eye on your bookings to assist with financial forecasting, staffing and budgets by using simpleERB’s Forward Bookings report. See our article here for more information on this report.