CreditorWatch says inflation and rising rates more than a storm in a tea cup for hospitality

[ad_1]

CreditorWatch says inflation and rising rates more than a storm in a tea cup for hospitality

Cafes, restaurants and bars have become collateral damage in the fight against inflation with a closure rate north of 8 per cent in the year to July.

The food and beverage sector has been hit by a “perfect storm” of falling demand and rising costs, according to data to be released by CreditorWatch on Wednesday.

[ad_2]

Source link

#CreditorWatch #inflation #rising #rates #storm #tea #cup #hospitality

Related posts

Barcelona’s Sagrada Familia basilica becomes world’s tallest church

Does Trump’s nuclear testing raise the stakes

Hurricane Melissa leaves trail of destruction across Caribbean