This industry was last reviewed in BVN145 of October 2018. However, with significant impacts of COVID 19, the fast uptake of food delivery platforms (such as Uber Eats) and change in consumer habits, much
has changed. Falls in revenue during the shutdown periods of the pandemic have now been reversed by Government stimulus of the economy and the opening up of international borders. Whilst the revenue has been restored, higher staff and food input costs, as well as fees from the aforementioned delivery platforms, has put pressure on profit margins.
Current Landscape
Over the past five years, even inclusive of periods of shutdown during the pandemic, revenue has marginally increased. This takes into account increasing revenue in the years prior to 2020, a drop in revenue during shutdown periods over 2020/21 and then a sharp rise in revenue over 2022.
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