Updated On: 11 September, 2020 04:12 PM IST | Mumbai | Partnered Content
Whether it be luxury sector or economic sector of hotel and restaurants industry everyone has been going through this major loss and financial crisis.

Milind Pote
Corona pandemic has affected widely on all the business sectors but it has majorly affected hotels and restaurants industry. Hotels and restaurants industry might need until 2023 or more to recover from this major loss. Restaurants in Marathwada region will take more time to recover as compared to other cities. It’s going to be a huge challenge to make guests feel safe in restaurants. Whether it be luxury sector or economic sector of hotel and restaurants industry everyone has been going through this major loss and financial crisis.
Now many hotels will never open again. In my opinion small scale restaurants can recover faster than the big scale hotels. Big scale restaurants and hotels will take more time to recover. Small scale restaurants can reopen in small amount or less capital investment but that’s not the case for the big scale hotels and restaurants. They will need more finance. Cost for food is very important. Small scale restaurants can minimize their costs and they don’t usually need to be dependent on skilled labor. In fact, often all the members of family work in a small restaurant. But to run a big scale hotel or restaurant you need many people.