Crisis in the catering industry - restaurateurs are losing the battle against inflation

👉 GfK research shows that almost one in two Poles can no longer afford to go out to eat because prices are too high. More and more consumers are cutting back on spending and giving up the comforts and pleasures that include eating out 🍽.

This is a huge problem for bar and restaurant owners, who themselves face a marked increase in the cost of doing business on a daily basis. As many as 67 per cent of restaurateurs see a marked increase in product prices, a rise of 12 percentage points year-on-year. Just as many highlight the high rental and lease costs 👨‍🍳

As a result, industry sentiment is slipping again - the barometer of restaurateur sentiment worsened in every segment of catering establishments in 2022 compared to 2021. The overall index fell from -7 to -11, meaning that the already negative sentiment of industry representatives has only worsened further 📉

📣"Unfortunately, these sentiments are not expected to change much in 2023. At present, the cost of doing business is not going down and the price of food commodities continues to rise. So there is no indication that there will be a rapid thaw and consumers will return to spending on eating out as readily as they did even before the pandemic," says Szymon Mordasiewicz, commercial director of the GfK Polonia Household Panel, in an @Reczpospolita article 📰

The article appeared on @Rzeczpospolita:29 June 2023. We invite you to read the full version:" Crisis in the catering industry - restaurateurs are losing the battle against inflation