Beyond the Blurred Lines: The Past, Present, and Future of the Restaurant and Hospitality Industry

While we remain in the grey area, the state of the restaurant and hospitality industry is particularly unknown. 

Is the hospitality industry growing?As the effects of COVID-19 subside, the industry is expected to continue growing as consumers increase spending on discretionary purchases, such as outdoor dining, outdoor events, and travel, including hotel stays. It is also quite possible that as consumers attain comfort and confidence they will likely make a renewed effort to support the hospitality industry after the dramatic downturn that left many businesses with financial hardship.

Many in the industry are already considering growth and seeking to add locations due more available space at an affordable price. The unfortunate amount of closures could actually cause the survivors to thrive.

What has the pandemic changed?Since many businesses in the industry had to pivot and reinvent their revenue streams, we can expect many restaurants to introduce new product lines and to continue…