Industry fears ‘one restaurant closure a day’ across Ireland as inflation bites

Rising prices coupled with surging energy prices is causing major problems for hospitality firms

There are fears of a repeat of the 2012 downturn. Picture: Getty

The Restaurants Association has said closures in the hospitality sector could hit recession levels due to a perfect storm of factors.

Adrian Cummins, chief executive of the organisation, said the government is not taking the issue seriously enough.

“We’re at the start of an economic crisis affecting the hospitality sector. There is one hospitality business per day that’s closing at the minute, the last time we had that was in 2012,” he told the Business Post.