THE RESTAURANT BUSINESS IN THE CONDITIONS OF LOCKDOWN

Ayten Saidova-Georgieva ()
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Ayten Saidova-Georgieva: University of Economics - Varna, Varna, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 297-306

Abstract: For the first time, the economic system is subject to such unprecedented measures that have an enormous impact and costly consequences on the economy. Some of the losses and the lost benefits for business caused by measures including physical distancing, travel restrictions and using personal protective equipment are brought out. The aim of the following research paper is to examine how the Lockdown protocol influences the restaurant business. The analysis contrasts the differences in response to the economic crises of restaurants with expanded home delivery channels and classic restaurants. The exposition provides practical tools for maintaining a work process in a context of social exclusion and outlines the limitations that will be overcome in the future. In this regard, the positive aspects of the forced digitalization of the locked-in consumer at home are also considered. This study indicates a small part of these issues.

Keywords: lockdown; social distance; closed restaurants; economic crises (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:297-306

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