New Delhi: Restaurants and fast food chains on Friday wrote to the owner of the mall and landlords, urging them to spin to the pure week’s share model in connection with the surge in omicron cases.
This is the second time in two years that businesses operating on rent on high streets and malls have turned to landlords for relief.
Most restaurant owners say at this time 40% of what it was in November, when the limitation induced third wave had not kicked.
“Gold weeks have been crucified because of new waves.
December and January formed the backbone of the restaurant.
Profitability,” said Sagar Daryani, CEO & Co-Founder in Wow! Momo.
A typical restaurant produces around 20% of its annual income in December and half of it in the last week of this year because of the Christmas celebration, new year and the feeling of celebrating common among consumers, showing data from the restaurant industry.
And while the shipping business has supported the food business during a pandemic, it is a low business margin and high commission and the eating-in category has been very affected, the restaurant owner said.
“After being beaten through two waves, this sector was on the threshold of recovery.
What the most painful we were the sidewalk and flare curfew,” Rahul Singh, founder of Beer Cafe.
Industry, with an annual turnover of Rs 4.25 lakh Crore, however, is the hope of fast recovery this time compared to the previous two waves that crippling overall Indian hospitality sectors that lead to downs and job losses.
“The good thing about India is a high level of vaccination,” said Anurag Katriyar, founder and director of Indigo Hospitality.
“If we take the case of South Africa, it takes about 10 weeks.
We can hope to return to the lane in the last week of February.”