Restaurant News Roundup, 02/18/2022
Biden administration officials are reported to be deeply skeptical of adding more money for the restaurant industry as they work with Congress to draft what could be the last parcel of government pandemic aid. Read more here: https://www.politico.com/news/2022/02/18/the-white-house-throws-cold-water-on-a-restaurant-industry-bailout-00009940
CEO of high-end restaurant group says normalcy for his business in New York and elsewhere is still a mirage despite flattening of the omicron surge. Read more here: https://www.restaurantbusinessonline.com/operations/multiconcept-operator-ark-restaurants-shows-how-distant-normal-might-be
The global market for the food service industry is expected to hit $4.1 trillion by 2026, according to a new study. High disposable income and an increasingly mobile life-style are among the main contributors to the industry’s growth. Read more here: https://www.businesswire.com/news/home/20220120005617/en/Global-Food-Service-Industry-Market-Report-2021-Amid-the-COVID-19-Crisis—The-Market-was-Estimated-at-3-Trillion-in-2020-and-is-Expected-to-Reach-a-Revised-Size-of-4.1-Trillion-by-2026—ResearchAndMarkets.com
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