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Domingo de Obaldía, president of the Panamanian Restaurant Association, said that Pizza Hut has problems throughout Latin America, not just in Panama
.
In fact, the development prospects of Panama's catering industry are very optimistic
.
Panama's "Panama America" reported on December 28 that Pizza Hut entered the Panamanian market in 1987 and has been in business for 35 years
by 2022.
"Panama Franchise Company" received the franchise in 1997
.
by 2022.
"Panama Franchise Company" received the franchise in 1997
.
De Obardia pointed out that Pizza Hut's exit from the Panamanian market was a long warning, and the problems it faced have not been solved
.
After Panama lifted coronavirus restrictions and allowed restaurants to reopen, many Pizza Hut stores did not resume operations
.
"The coronavirus pandemic has had a huge impact
on our business.
In order to stop the loss in time, they had to make the decision
to exit the market.
”
.
After Panama lifted coronavirus restrictions and allowed restaurants to reopen, many Pizza Hut stores did not resume operations
.
"The coronavirus pandemic has had a huge impact
on our business.
In order to stop the loss in time, they had to make the decision
to exit the market.
”
De Obardia said that unlike Pizza Hut, the overall development prospects of Panama's catering, nightclubs and entertainment industries are still very optimistic
.
By the end of 2022, these industries are expected to recover to 85% to 90%
of 2019 (the year before the pandemic).
"The state has done a lot of work, and the next few short holidays will benefit restaurants and hotels in the interior of Panama
.
" He said
.
.
By the end of 2022, these industries are expected to recover to 85% to 90%
of 2019 (the year before the pandemic).
"The state has done a lot of work, and the next few short holidays will benefit restaurants and hotels in the interior of Panama
.
" He said
.
However, Abdiel Celis, president of the Panamanian Restaurant, Bar and Clubs Association (ARBYD), said the nightclub and entertainment industry was still taking a hit
.
Beer and spirits companies have raised prices, and the associated transportation costs are also very expensive
.
In addition, community-initiated "parking lot parties" have also made it difficult
to operate bars and nightclubs.
"Some businesses survive, but stores like Pizza Hut end up closed
because they didn't make any money.
" Celis said
.
.
Beer and spirits companies have raised prices, and the associated transportation costs are also very expensive
.
In addition, community-initiated "parking lot parties" have also made it difficult
to operate bars and nightclubs.
"Some businesses survive, but stores like Pizza Hut end up closed
because they didn't make any money.
" Celis said
.
Celis believes that festive celebrations such as Carnival 2023 will resume and that the stores concerned will be doing better: "We hope that with the arrival of the celebrations, everything will return to normal
.
”
.
”
