COVID-19’s Impact on the Restaurant Industry

نویسندگان

چکیده

The restaurant industry contributed to the creation of wealth and employment until end 2019, when it reached maximum values. However, with COVID-19 pandemic in early 2020, this sector suffered a very serious economic crisis. analysis situation is imperative mitigate consequences for prevent impacts future crises. main purpose present study compare years 2019 analyzing profitability, payroll costs, headcount, indebtedness restaurants, verify pandemic’s impact Spain Portugal. Quantitative research was applied, where descriptive hypothesis testing were conducted. SABI database secondary data source used research. results show that has had an on efficiency, industry, being generalized both countries, all regions except Ceuta. also confirm importance managers academics since variables under worsened pandemic. This represents contribution stakeholders by allowing comparative evaluation each average location definition proactive strategies. Practical implications are proposed effect not only but other pandemics or crises may arise future, preparing adapt change promoting financial sustainability industry. It recommended increase disclosure statistical indicators ratios free access, which allows improvement different important professionals

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ژورنال

عنوان ژورنال: Sustainability

سال: 2022

ISSN: ['2071-1050']

DOI: https://doi.org/10.3390/su141811544