Dubai announced the suspension of entertainment activities at restaurants and hotels last week on account of the growing number of Covid-19 cases in the country and violations of guidelines at venues.
The move could have a drastic impact on the F&B sector that is slowly recovering from the lockdown and closures in 2020.
“The market has seen 40% closures amongst the F&B businesses over the pandemic period which lasted a major part of the year 2020. A lot of the hotels did open their accommodation– but not all the F&B outlets within their premises were opened”, said Naim Maadad, Chief Executive and Founder of Gates Hospitality.
According to a report by JLL last year, restaurateurs in the Middle East experienced an annual decline in in-store sales of -55% for the month of March and expected it to drop to -77% drop during the month of April last year.
However, despite the closure of many restaurants across the city, which has one of the highest restaurant footprints per million residents, second only to Paris, there have been some commendable strides.
“There have been a lot of new openings in the restaurant sector during this period. As the market opened up since the peak of the pandemic, there were a lot of projects which were already in the initial stages before the pandemic put things out of gear. This was for some by choice and for others because they had no other options”, he said.
The new directive from the government and Department of Tourism and Commerce Marketing (DTCM) – although clear – has created some confusion among operators when it was announced. The only solution at this point would be to act responsible and follow the guidelines put in place so the industry can go back to doing business as usual soon.
“Our contingency plan would certainly be to strictly abide by the rules and regulations stipulated in the directives and keep an eager watch on any updates coming in future. It is the stage of the pandemic when all should be prepared for a long-term strategy for recovery on a permanent basis rather than rush for short-cuts to gain short term benefits putting the business to risk”, he concluded.
The first two days of the 25th edition of Beautyworld Middle EastOctober 6, 2021 | By RetailME Bureau
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
Following its expansion into Asia at the end of 2020, GMG has announced
Savola Group, a strategic investment holding company with focus on the food
Value fashion brand REDTAG has launched its latest customer-centric campaign, #WearASmile. The
AZADEA Group has announced a new business partnership with Flying Tiger Copenhagen,
After returning from World War 2, a man decided to go into
UAE-based Majid Al Futtaim has been at the forefront of using emerging
Jumeirah Aras Group has opened its first franchise of the German restaurant
The first two days of the 25th edition of Beautyworld Middle East
UAE’s home-grown boutique café and artisan bakery brand Bloomsbury’s is expanding its
Radisson RED Dubai Silicon Oasis has launched its own line of meRchEDize
Expo 2020 Dubai has launched its official visitor app and a business-focused
Following a 19 per cent growth in sales in the first 6