Restaurant in Yangon revenues fall

Restaurants in the Yangon Region have seen declines in revenue by as much as 50 percent during the second wave of COVID-19, according to the Myanmar Restaurants Association (MRA).

“Although restaurants are still open, they still need to cover costs for labour and shop rental fees. Many have remained open to look after their staff,” said U Nay Lin, chair of the association.

The falls are similar to those seen during the first wave in late April and May. However, as some townships have imposed entry restrictions, restaurants may experience even steeper declines in the coming weeks.

Online home retailing for food became more widespread earlier in the year, with companies like FoodPanda and Door2Door registering more local restaurants.

Online sales recently increased by 20pc due to the new restrictions, according to U Kyaw, who works at the MibaYeik restaurant in North Okkalapa.

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Source : Myanmar Times

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