Industry & Business

Restaurant Industry in Ireland is Optimistic About Business in 2018

 Breaking News
  • 90 New Jobs at E + I Engineering in Donegal The Taoiseach, Leo Varadkar TD, has announced 90 new jobs at E+I Engineering Ltd in Donegal. E+I Engineering Ltd is a global leader in the critical power distribution sector, manufacturing electrical switchgear, busduct systems and energy management software, for some of the most recognisable brands and technically advanced companies all over the world. Announcing the jobs boost, [...]...
  • €8 Million in Government Funding Awarded by SEAI to Innovative Energy Research Projects The Government has announced €8 million in funding to support 45 innovative energy projects in companies and research institutions across Ireland. The Sustainable Energy Authority of Ireland (SEAI) is responsible for awarding the funding to the 45 projects which aim to develop solutions that will help our homes, businesses and communities deliver a cleaner energy future. [...]...
  • McKeever Hotel Group Renovates Dunadry Hotel in Multi-million Pound Investment McKeever Hotel Group, one of Northern Ireland’s largest family hotel groups, is undertaking a multi-million pound investment designed to revitalise the Dunadry Hotel to a four star, luxury business and leisure venue. The acquisition of the Dunadry Hotel last year was the 5th property to be added to the McKeever Hotel Group portfolio which,  also purchased [...]...
  • Resilient Performance by Breedon Group Breedon Group, a leading construction materials group in the UK and Ireland, has reported revenue of £378.4 million for the six months to 30 June 2018, up from £326.3 million in the corresponding period of 2017. Underlying earnings before interest and tax (EBIT) increased by 17% to £42.0 million. However, excluding acquisitions, both revenue and [...]...
  • 250 New Jobs Announced by Alchemy in Major Investment in Northern Ireland Alchemy Technology Services has announced it is setting up a European Centre of Excellence in Londonderry. It will provide software implementation and technology consultancy to the UK and European insurance sector. The company will provide certified staff to System Integrators, Software Providers and insurance companies for the implementation of digital solutions across the insurance industry. To [...]...

Restaurant Industry in Ireland is Optimistic About Business in 2018

Restaurant Industry in Ireland is Optimistic About Business in 2018
March 06
12:52 2018

As the Restaurants Association of Ireland has revealed the results of their benchmark survey conducted by BDO. The survey examined several aspects of the industry, including the current outlook of restaurateurs, industry staffing issues and the impact of digital technology on the sector. The majority of respondents to the survey were licensed restaurants.

When examining the future of the restaurant industry in Ireland, respondents reported an optimistic view on business. Of those surveyed, 45% of respondents indicated that turnover was up in 2017, relative to the corresponding period in 2016. 48% also reported that they expect their restaurant overall performance to be better still in 2018 than in 2017. Brexit appears to be giving continued cause for concern with approximately 75% of respondents either mildly or very concerned about its potential impact on their business. Further concerns for restaurateurs were the continuing trend of persistently high insurance premiums, staff shortages in the industry and the incoming new guidelines surrounding restaurants and GDPR. Despite these challenges however, approximately 75% of respondents reported being either confident or very confident about the future outlook of their business.

Those surveyed reported that they have, on average, 19 full-time employees on their staff. 33% of employers indicated that they have increased the number of employees between 2016 and 2017 and 30% plan to increase staffing levels further during 2018 in both front and back of house positions. However, even with these increases, staff shortages and recruitment challenges persist with 82% of respondents indicating that they are finding it difficult to attract and recruit staff to their business. While this challenge is apparent in all areas of the industry, there is a noticeable prevalence of this issue in the area of chef staffing as 84% of respondents reported that chef positions are proving the most difficult position to fill.

With digital technology becoming more prominent in the hospitality industry, of the 80% of restaurateurs who reported to have a business website, 54% have experienced an increase in the volume of traffic to their website over the last 6 months. Of those who have a website, 61% also indicated that bookings can be made through the site and 48% indicated that they sell vouchers via their site.

Adrian Cummins, Chief Executive of the Restaurants Association of Ireland, has commented: “The Restaurants Association is delighted to see that employers are feeling optimistic about business in 2018 and are planning to invest further in the sector. Almost half surveyed reported that turnover had increased in 2017 and that they believe business will be better still in 2018.

“Chef shortages still prove to be one of the most prominent issues for employers in the industry. However, the Restaurants Association has recently taken steps to mitigate this problem by partnering with recruitment specialists Global Force Resource. So far, over 100 chefs are on their way to member restaurants since we launched the partnership two months ago.”

 

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4