By Staff writer
A majority of operators report payment deferments from landlords, or no help at all
A vast majority of F&B operators in the country are concerned about rent and a lack of support from landlords, according to a new survey.
According to a new survey from Arabian Business sister publication Caterer Middle East, most F&B operators reported a lack of understanding from landlords.
When asked to rate how supportive their landlords have been out of five, more than half of those surveyed gave their landlords just one or two stars, with only 16 percent giving them more than three stars.
The survey covered 100 restauranteurs of various kinds and sizes.
Many operators have expressed hope that landlords would waive rent over the summer or give long-term reductions.
The survey, however, shows that the most common response from landlords was payment deferments (26 percent) or nothing at all (23 percent).
Only one operator reported receiving a long-term reduction amid the crisis.
In a recent letter addressed to Abdulla Mohammed Al Basti, Secretary General of the Executive Council of Dubai, more than 100 industry leaders – including Gates, Marriott International, Tim Hortons and Sunset Hospitality – claimed to be losing AED1 billion a month in staff salaries, housing and benefits.
The figure excludes rent, which in some cases can be as high as AED 1 million each year.
In their letter, the participating F&B industry leaders predicted recovery no earlier than the first quarter of 2021.