Fast Food Restaurants Closing in Nicaragua

Managua's restaurant trade association reports the closure of at least 700 fast food restaurants in recent months.

Friday, October 26, 2018

According to representatives of the Association of Restaurant Owners of Managua, due to the low levels of sales reported in recent months, at least 700 restaurants have closed their operations.

Regarding the massive closure of restaurants, René Hauser, president of the Managua restaurant trade union, said to that "... That decision was made because of the socio-political crisis the country has been facing since April. Although shopping centers made discounts between 10% and 20% in the rental payment, the low influx of buyers was not cost-effective to continue operating."

On the other hand, the president of the Nicaraguan Chamber of Commerce and Services (CCSN), Rosendo Mayorga, said that "... This behavior reflects the impact of the fall in international tourist arrivals because the service area is not hiring and has drastically reduced the purchase of beverages and food in these establishments."

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