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Restaurant revenues are booming, so why are so many losing money?
Podcast |
The Big Story
Media Type |
audio
Categories Via RSS |
Daily News
News
News Commentary
Politics
Publication Date |
Nov 13, 2023
Episode Duration |
00:23:18

Last year, Canadian restaurants took in roughly $100 billion in revenue, more than the pre-pandemic year of 2019. This year it's pegged to be $110 billion. Yet a third of all restaurants report they are losing money, up from just seven percent before the pandemic.

Even as lockdowns eased and diners returned, a complex set of problems face restaurants in particular—and now the industry's lobby group says we're beginning to see double the numbers of closing as openings. How did this happen, and how do we keep small, local restaurants afloat?

GUEST: Kelly Higginson, president and CEO of Restaurants Canada

We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:

Through email at hello@thebigstorypodcast.ca 

Or by calling 416-935-5935 and leaving us a voicemail

Or @thebigstoryfpn on Twitter

Last year, Canadian restaurants took in roughly $100 billion in revenue, more than the pre-pandemic year of 2019. This year it's pegged to be $110 billion. Yet a third of all restaurants report they are losing money, up from just seven percent before the pandemic. Even as lockdowns eased and diners returned, a complex set of problems face restaurants in particular—and now the industry's lobby group says we're beginning to see double the numbers of closing as openings. How did this happen, and how do we keep small, local restaurants afloat? GUEST: Kelly Higginson, president and CEO of Restaurants Canada

Last year, Canadian restaurants took in roughly $100 billion in revenue, more than the pre-pandemic year of 2019. This year it's pegged to be $110 billion. Yet a third of all restaurants report they are losing money, up from just seven percent before the pandemic.

Even as lockdowns eased and diners returned, a complex set of problems face restaurants in particular—and now the industry's lobby group says we're beginning to see double the numbers of closing as openings. How did this happen, and how do we keep small, local restaurants afloat?

GUEST: Kelly Higginson, president and CEO of Restaurants Canada

We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:

Through email at hello@thebigstorypodcast.ca 

Or by calling 416-935-5935 and leaving us a voicemail

Or @thebigstoryfpn on Twitter

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