KUWAIT EATERIES ARE EXPERIENCING REVENUE LOSS

  • 22/08/2022

Kuwait City: According to Kuwait Federation of Restaurants, Cafès, and Catering Services Chairperson Fahd Al-Arbash, the sector's revenues have decreased by 40% compared to its earnings in June, when it suffered millions of dollars in losses. Al-Arbash revealed in a statement that the sector is facing several challenges, the most significant of which is the rising price of raw materials used in operational processes such as oil, butter, chicken, rice, cheese, chocolate, and others.


He also stated that the prices of some items have increased by 100 percent, prompting many restaurant owners to purchase primary products on credit. He warned that restaurants' losses would be exacerbated by a lack of price control. 

He went on to say that the rise in operating costs was not limited to raw materials, but also included packaging and processing costs. He pointed out that plastic and paper used for packaging purposes account for 30% of restaurant expenses, exacerbating restaurant owners' woes. He cited the summer season as one of the factors contributing to the decline in restaurant revenues; many of which incurred huge losses due to low customer turnout during the summer season, which coincides with the travel season, when a large number of citizens and expatriates are outside the country.

Related News

Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025
Kuwait introduces new housing standards for workers
  • 26/01/2025
2 Young Men Killed in Saad Al-Abdullah Car Crash
  • 26/01/2025
Women’s Health Index: Kuwait ranks 1st in Middle East, 2nd ...
  • 26/01/2025
Kuwait Announces 3-Day Holiday for Isra Wal Miraj
  • 25/01/2025