This has pushed our imagination as an industry and we see a lot more brands popping up and the ecosystem that will help them thrive largely the new age bars, restaurants and events like the cocktail weeks and gin fests which are popping up.
On the other hand, some investors may see opportunities in investing in restaurants during a recession, as distressed restaurant businesses may be available at a lower cost, and there may be less competition for prime real estate locations.
One of the key benefits of responsible hospitality is its potential to boost profits. By adopting sustainable practices, businesses can reduce their operating costs by cutting down on waste and energy consumption, increase operational efficiency through improved resource management, and differentiate themselves from competitors in a crowded marketplace.
According to a study, India's vegan market in September 2022 was estimated to be around Rs. 300 crores. However, by 2026, the country's potential has been predicted to be around Rs. 3,500 crores, which is a growth of 8-10x.
Every year on 8th of March Women's Day is performed to celebrate the achievements of the women. This March, Restaurant India is talking to all top women chefs and restaurant owners in the country who have done a remarkable job in bringing Indian restaurant industry on the world culinary map.
Despite their best efforts, negative reviews or publicity can still occur. In such cases, restaurants in India often turn to online reputation management services to help manage their online presence.
She was also of the view that MSME is a very vast category to build the budget around and it should be bifurcated according to industries so that not only one but all industries benefit from the govt offerings.