Fast food restaurants and takeaways were unable to benefit from the upswing in the hospitality industry as hoped. The market is currently recovering, but providers are feeling the price increase both in customer behavior and in their own costs.
Unlike some innkeepers, the fast food chains have weathered the Corona crisis well and in many places have even been able to benefit. As a result, the uptick in 2022 was also smaller and there is no fat income for fast food restaurants and snack bars this year. In 2022, the turnover of fast food restaurants increased by a modest 3.5 percent to more than a billion euros, according to industry radar. In the current inflation crisis, providers notice that customers from the poorer classes in particular have less money left over.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
