Category: ‘Uncategorized’

counts Chipotle, Darden as a “Final Man Standing” restaurant

April 19, 2021 Posted by kyu7

“After a year of slaughter, large companies with deep pockets are triumphing over their smaller competitors who didn’t make it,” said the Mad Money host.

The scenario will play out briskly in the restaurant industry, Cramer said.

Last year, more than 110,000 eating and drinking establishments closed temporarily or permanently during the Covid-19 pandemic. The impact resulted in the loss of 2.5 million jobs in the industry, according to the National Restaurant Association.

Coronavirus restrictions in New York City also pushed Cramer to close the doors of his two Brooklyn neighborhood restaurants until coronavirus vaccines spread and the U.S. health crisis came under control.

“As a restaurant owner, I can tell you that companies like Darden and Chipotle are now getting stakes in empty storefronts,” he said.

In addition to Chiptole and Darden, the parent company of Olive Garden, Cramer pointed to Cheesecake Factory, Yum Brands, Texas Roadhouse and Starbucks as beneficiaries of the current environment.

“Now that tens of thousands of small businesses have gone down so sadly and unfortunately, their bigger rivals are the last of the men, which means they will make a fortune as the country reopens because there is no one left to challenge them.” “

Maldives supply vacationers vaccines on arrival

March 18, 2021 Posted by kyu7

The Maldives will soon be offering vaccinations to visitors upon arrival. This is part of their tripartite initiative to revitalize the country’s hard-hit travel sector, said the tourism minister.

Currently, visitors to the Maldives must present a negative polymerase chain reaction (PCR) test and proof of hotel booking to gain entry. Mausoom said the country’s health protection agency will “very soon – maybe even this week” make an announcement of unrestricted entry to vaccinated arrivals.

The Maldives, an archipelago state in South Asia known for its tropical beaches and pristine waters, is heavily dependent on its tourism industry. Around 67% of the gross domestic product (GDP) comes directly and indirectly from the sector.

The Minister of Tourism would not be pressured into a timetable for introducing visitor vaccination. He noted that the government’s priority is to ensure that all resident populations get their first and second shots first.

However, once that process is complete, the country will be ready to vaccinate arrivals, he said.

I don’t think the supply in the Maldives is a problem because our population is relatively small.

Abdulla Mausoom

Minister of Tourism, Maldives

To date, according to Reuters’ vaccination tracker, around 53% of the approximately 530,000 inhabitants of the island state have received their first dose. Around 90% of frontline tourism workers have received their first dose, Mausoom said.

Mausoom didn’t say whether the comers are expected to pay for their shots, but he said supplies would not be an issue.

He said the country has received vaccine donations from India, China and the World Health Organization’s Covax program, which is designed to ensure vaccines are distributed fairly and equitably. The Maldives have also ordered additional supplies from Singapore, he said.

“I don’t think the supply in the Maldives is a problem because our population is relatively small,” said Mausoom. “The quota that we receive from the various organizations and friendly nations will also help.”

White sand and clear water in the Maldives.

Mausoom said the tourism campaign is a necessary strategy to help the country meet its goal of 1.5 million tourist arrivals and 10 million overnight stays this year.

“If we achieve this year’s goal, we will still be short of the country’s needs,” he said. “Still, that’s a lot better than we expected at the end of 2020.”

Work – Working in the Maldives has become very trendy. You see very rich executives, executives of companies who come here and are based here.