60% drop in restaurant demand due to siege of Gaza

(File photo: Jordan News)
AMMAN — According to Omar Al-Awad, the President of the General Association for Restaurants and Sweet Shop Owners, the demand for restaurants, halls, and event spaces has decreased significantly. This has had an adverse effect on sweet shops and food factories, which depend on these places for business. This has resulted in a 60 to 70 percent drop in demand, which is attributed to the Gaza siege since October 7. The siege has been affecting Jordanian citizens, and this has caused a significant blow to the hospitality and food industry in the region.اضافة اعلان

On Sunday, Awad mentioned on Radio Noon that there has been a noticeable absence of weddings, joyous processions, and cancellations of many events. He highlighted the somber atmosphere due to the fatalities in Gaza. Furthermore, he mentioned that there has been a general downturn in the market this season, especially after the Ukrainian war, resulting in a 20 to 25 percent decline in purchasing activity. Inflation has worsened the situation, causing popular markets and others to remain empty for many hours, as reported by Ammon News.

Awad called for the postponement of installments and the facilitation of financial claims, whether related to guarantees or banks. He believes this is crucial to ensuring the continuity of business in the market and responding to the weakening purchasing power. He explained that there are between 18,000 to 20,000 restaurants in the sector, employing around 350,000 workers, most of whom are grappling with accumulated commitments and debts. The weakened market has also seen a 20 to 25 percent increase in commodity prices, accounting for approximately 25 percent of the average income of citizens.

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