Kitchen Herald
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Events
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies
No Result
View All Result
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Events
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies
No Result
View All Result
Kitchen Herald
No Result
View All Result
Home Home Slider

Chefs, Hoteliers Should Handle Finance Carefully Post COVID

admin by admin
May 13, 2020
132 1
A A
0

– Anand Krishnan

There is a significant impact on industries such as hotels, restaurants, and people who are dependent on these sectors for their livelihood. From a hotel owner’s perspective, ‘social distancing’ will be the challenging factor and there may be incremental costs associated with redesigning their set up. They must manage their costs while simultaneously concentrating on key aspects such as personal hygiene, properly sanitized tables, hygienic food, and a comfortable ambiance that can improve Goodwill and result in increased revenues.

Hospitality is an industry that gives employment to many. This is the high time every chef should think about managing their personal finance. Experts are predicting a huge revenue loss, unemployment, salary cut, and more. The current crisis has affected migrant workers at a huge level. This is an important time to conserve cash to ensure sustenance over the next 6 to 12 months. Spending should be only on essential items and all discretionary spending must be postponed.

There are many chefs who are also business owners. Investments to improve the restaurant’s overall environment to create customer loyalty is a key factor for success. Explore all incentives offered by the Government to quickly restart the business. Continuous monitoring of hygiene factors and expenses related to consistent improvement will ensure a better footfall. People will be willing to pay a premium to visit restaurants if that gives them a sense of security. Any new expansion that requires significant investments that can be done only by heavy borrowing should be completely avoided. Overall, the hospitality as a sector should carefully spend their money on priority aspects- Focusing on employee health and safety, improve restaurant ambiance, positive Customer experience during their first visit back to the restaurant after the lockdown.

(As told to Nithis Kumar. The author is a Registered Investment Advisor (SEBI). He is the Founder and Chief Investment Officer Koshavruddhi Wealth Advisors and is available on anand@koshavruddhi.com. Views expressed are personal )

 

Share61Share11Send

Related Posts

Dindigul Thalappakatti Opens a New Store in Kochi to Increase Their Footprint in Kerala
Food and Beverage Manufacturers

Dindigul Thalappakatti Opens a New Store in Kochi to Increase Their Footprint in Kerala

June 23, 2025
1.9k
Coffee Island Launches a New Cafe in Gurugram to Target Premium Locations
Bakery and Cafes

Coffee Island Launches a New Cafe in Gurugram to Target Premium Locations

June 23, 2025
1.9k
Executive Chef Bhushan Sawant has been promoted at The Ritz-Carlton Pune.
Associations

Executive Chef Bhushan Sawant has been promoted at The Ritz-Carlton Pune.

June 23, 2025
1.9k
The top frozen yogurt brand from France makes its debut in India.
Bakery and Cafes

The top frozen yogurt brand from France makes its debut in India.

June 20, 2025
1.9k
At the Hyatt Regency Chennai, Rizwaan Qureshi has been named MasterChef of Indian Cuisine.
Appointments

At the Hyatt Regency Chennai, Rizwaan Qureshi has been named MasterChef of Indian Cuisine.

June 20, 2025
1.9k
Aditya Birla New Age Hospitality and KA Hospitality’s demerger to combine their premium restaurant businesses has been approved by NCLT.
Home Slider

Aditya Birla New Age Hospitality and KA Hospitality’s demerger to combine their premium restaurant businesses has been approved by NCLT.

June 20, 2025
1.9k

Kitchen Herald

Kitchen Herald is a leading B2B digital media for the Indian Chefs, hoteliers, food handlers community and for global culinary community. We track the global food sector and provide our readers with latest news, job vacancies interviews, and updates. Reaching out majorly to Hoteliers, Chefs, Bakery owners, Food manufacturers, Procurement managers, distributors, import, and export companies and more, we are the most prefered food portal for HoReCA segment.

Quick links

  • News
  • Technology
  • Associations
  • Job Vacancies
  • Bakery and Cafes
  • Dairy
  • Food and Beverage Manufacturers
  • Food Distributors
  • Food Safety
  • Billing and POS
  • Kitchen Automation

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy

© 2025 Indo Media Analysis Wording Services. All Rights Reserved. Design & Developed by Trioticz

No Result
View All Result
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Events
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies

© 2025 Indo Media Analysis Wording Services. All Rights Reserved. Design & Developed by Trioticz

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?