Restaurant Owners Gain Bargaining Power to Limit Losses
Restaurant Engine
MAY 26, 2020
Some ad rates declined by as much as two-thirds , hitting their lowest rates since the Great Recession ended in 2010. Even Michelin star restaurants have started previously unthinkable projects, like casual outdoor eateries. Meal kits and groceries have become new sources of revenue. Third, labor is becoming cheaper by the day.
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