It’s not just your monthly electricity bill that’s set to rise. Eating out too is likely to become more expensive. The price of most food items at restaurants and eateries may increase by around 10% in the next week.
In the backdrop of edible oils, cooking gas, coffee powder, and fuel becoming more expensive, hoteliers have been demanding a hike in the price of all food items on their menu for over a month now.
The Bruhat Bangalore Hotels’ Association met on Monday evening and decided to advise hoteliers to raise the prices across the board up to 10%. “We have been left with no option but to raise prices. They will probably come into effect over the next one week,” said P.C. Rao, president, BBHA, after the meeting.
Chandrashekhar Hebbar, president, Karnataka Regional Hotels and Restaurants’ Federation, said the increase in edible oil prices owing to the Ukraine-Russia war and the rise in fuel prices, including cooking gas, had hit the hotel industry hard.
“The industry is yet to recover from the losses it suffered during the pandemic. Despite COVID-19, we did not hike prices, but now it is becoming increasingly unviable. If we do not raise prices, it will invariably push us to compromise on the quality and quantity of the food we serve,” he said.
He added that at the meeting it was decided that compromising on quality and quantity of the food would have a long-term impact on the industry. “Hence we have opted for a price hike,” he explained.
However, while the association has suggested a 10% price hike across the board, it has left it to individual hoteliers to take a call depending on the situation. This advice is only limited to the city’s hotels and not across the State, the association added.
