Etiqueta 'Mallorca Restaurant Sector'
High costs push Mallorca restaurants to increase prices, locals feel the pinch
The escalating costs of raw materials have left businesses with no option but to adjust menu prices to keep their accounts balanced.
60% of Mallorca's restaurants closed until January
“70% of our Sector has recorded a turnover equal to 30% of what they made last year.."
Last straw for restaurants in Mallorca
Restaurateurs are meeting with the Minister of Economic Model, Iago Negueruela on Thursday.
Economy
A bleak winter ahead for restaurants
42% of restaurants will close soon for the winter, 18% will fold and the rest will hang on, in the hope of staying afloat until next season.