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Photo: Denis Stankovic / iStock
Although the hospitality sector is set to record double-digit revenue growth of 19 percent in 2024, the latest analysis reveals a worrying trend: operating costs are growing even faster, resulting in a decline in net profit and a significant slowdown in investments. The hospitality sector is recording growth in turnover, but is also facing pressure from rising costs, such as labor, energy, raw materials and supplies, which is why...
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