How the crisis is affecting Guatemalan restaurants

The industry is facing a drop in sales at an average of 20% and changes in consumption habits.

Wednesday, January 14, 2009

Business owners of several restaurants shared their impressions, perspectives and some strategies on how to deal with the crisis with the El Periodico newspaper in Guatemala.

Erick Cacacho, from the Los Cebollines chain commented: "Our clients have not stopped dining at our restaurants. They have changed their eating habits. We have noticed a change in our regular menu sales as well as in income from other type of clients who were used to dining at at "high end" restaurants."

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Sales in Salvadoran Restaurants Down

February 2009

The average sales have dropped between 10 and 15%. A drop of up to 40% was registered according to a report by the Restaurant Association.

Jorge Dalmau, president of the Restaurant Association of El Salvador (ARES) told "Consumer habits have changed. Now, diners share their meals and drinks, and they do not ask for appetizers or desserts.

Domino's Pizza closes chain in Costa Rica

February 2009

The franchise, which had nine restaurants, abruptly stopped its operations after accumulating $2 million in losses.

The article in, citing the La Nacion daily as its source, indicated that "The closure of Domino's Pizza, which operated nine restaurants in San Jose and neighboring cities, occurred has the government of Costa Rica was adopting the "Shield Plan" to deal with the impact of the international economic crisis in a country that is very dependent on trade with the United States."

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