In a survey of MaRa members, around 15% of companies estimate that they are at risk of bankruptcy or will close down due to the rise in electricity prices next spring.
MaRa, the employers’ organisation for tourism and restaurant services, fears that many businesses in the sector will not survive the coming winter. It is therefore now calling on the government to support businesses in the sector.
According to a survey of MaRa members, more than half of the companies in the sector will see electricity-related costs rise by 50-300% in the next six months compared to last year. Around 15% of companies expect to be threatened with bankruptcy or to close down due to the rise in electricity prices next spring-winter.
According to MaRa, businesses in the sector are also suffering from the rapid rise in food prices. In a survey of its members, 70% of companies in the sector expect wholesale raw material prices to be 10-30% higher than last year.
– The rise in the prices of energy and food raw materials significantly weakens the profitability of companies. The increase in interest rates will hit companies in debt after the corona restrictions and young adults who have taken out large mortgages, who consume a lot of restaurant services, Lappi explains in the press release.
A total of 458 companies responded to MaRa’s member survey, among which were ski resorts, hotels, nightclubs, program service companies and restaurants.
_The story was completed on 13 September 2022 at 8:42 a.m._
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