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Dine-in business stages a comeback but a third of eateries may have shut permanently

Dine-in business stages a comeback but a third of eateries may have shut permanently
Dine-in business stages a comeback but a third of eateries may have shut permanently
While curbs on seating capacities remain, pent-up demand, especially on weekends and the upcoming holiday season, is expected to spur demand further, executives said.

Synopsis

While industry estimates say 30% of restaurants and bars have shut permanently, unable to withstand the five-month-long cash burn on account of the widespread shutdowns, brands that have implemented stringent hygiene standards and digital menus are leading the revival.

New Delhi: The dine-in business, which drives the bulk of revenue for the restaurant industry, is turning around dramatically, according to industry executives, overcoming Covid restrictions and air pollution. Some peg business at as much as 70% of pre-Covid levels. However, about a third of restaurants and bars across the country may have shut permanently because of the pandemic. “Consumption revival is now at 70%. We are seeing month-on-month
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