India: Food Service - Hotel Restaurant Institutional
Link to report:
The outbreak of COVID-19 and the resulting nationwide lockdown has significantly impacted the Indian food service sector. The industry has suffered a major setback in last six months and will require time to recover from unprecedented losses. Falling occupancy rates, limited restaurant operations, travel cancellations, and a decline in social events/gatherings are just a few of the challenges the sector is traversing as a result of the pandemic. Despite slashed revenues, job cuts, and high maintenance costs, sources forecast that the sector will begin to recover next year.
