The Coronavirus’ Effect on the Global Restaurant, Hotel & Hospitality Industry, Business and Industry Trends Analysis

The Coronavirus pandemic had a devastating effect on restaurants, hotels, hospitality businesses and related logistics and support firms on a global basis.  A massive slowdown in consumer spending on restaurants, hotels, cruise lines and other hospitality businesses ensued.  A rash of bankruptcies has been one result.  For example, U.S. restaurant firms Logan’s Roadhouse, CraftWorks Holdings (which owns the Old Chicago chain), Krystal, CEO Entertainment (which owns the Chuck E. Cheese chain) and the U.S. arm of Le Pain Quotidien sought bankruptcy protection in 2020.  On the positive side, all of these firms found buyers relatively quickly, indicating that investors see…

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