Hospitality
Hotel food and drink prices set to test customers’ limit with further increases likely
A new report from Crowe Ireland found that further cost hikes were likely in the sector and that regional hotels, in particular, were being impacted by inflation
Hoteliers will be forced to hike the cost of food and drink to cover their rising costs but may be reaching the limit of what consumers are willing to pay, a major new industry report has warned.
An analysis by Crowe Ireland, the advisory firm, found regional hotels were being particularly badly squeezed by a spike in food and beverage costs, which have climbed due to rising labour costs.
Profits in regional hotels have declined despite sales growing beyond pre-pandemic levels, according to the report seen by the Business Post.
