Restaurant i-share model – Times of India – India Times English News

NEW DELHI: Restaurants and fast-food chains on Friday wrote to mall owners and landlords urging them to pivot in light of the boom in the net revenue-share model. omicron This is the second time in two years that the rental business in high streets and malls has gone to landlords for a discount. Most restaurateurs said trading is currently up 40% in November, when the third wave-induced restrictions had not yet come into force.
“The golden weeks have been crucified because of the new wave. December and January are the backbone of a restaurant’s profitability,” said Sagar Daryani, CEO and Co-Founder at Wow! Momo.
A typical restaurant earns about 20% of its annual revenue in December and half of this is due to Christmas, New Year’s celebrations and a general sense of celebration among consumers in the last week of the year, as shown by restaurant industry data. has gone. Run. The restaurant said that while the delivery business has supported food businesses during the pandemic, it is a low-margin and high-commission business and the dine-in category has been badly hit.
“After being battered by two waves, the sector was on the verge of recovery. What is hurting us the most is the knee-jerk restrictions and curfews,” Rahul Singh, founder of Beer Cafe,
However, the industry, with an annual turnover of Rs 4.25 lakh crore, is expecting a faster recovery this time than in the last two waves, which shut down the overall Indian hospitality sector and led to job losses. “The good thing about India is the high rate of vaccination,” said Anurag Katariyari, founder and director of Indigo Hospitality, “If we take the case of South Africa, it took them about 10 weeks. We can expect to be back on track by the last week of February.