3. IMPACT OF COVID-19 ON THE FINANCIAL PERFORMANCE OF THE RESTAURANT INDUSTRY OF THE UK and Recovery strategy
The pandemic triggered by COVID-19 has profoundly affected the most fundamental aspects of the performance of restaurants. In light of the increased use of restrictive measures, the actual business has been hit by a wide spectrum of severe declines on its profitability (Shin et al. 2021). It is possible to conclude by this data that spread of the disease was the main reason for the drop in the restaurant’s financial activities. The request of the government that restaurants limit the number of customers sitting at tables contributed to a decrease in general financial activity of the restaurant (Sharma and others. 2021).
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