This is how expensive food in a restaurant will be in 2024: VAT increase puts restaurateurs in MV under pressure

This is how expensive food in a restaurant will be in 2024: VAT increase puts restaurateurs in MV under pressure

According to a report from www.ostsee-zeitung.de, VAT in the catering industry is to be increased again to 19 percent next year. Many restaurateurs in Mecklenburg-Western Pomerania are concerned that this could lead to fewer guests. The newspaper examined how prices would change from 2024 at the Schlosshotel Groß Schwansee in the Northwest Mecklenburg district.

The rising VAT in the catering industry can have various effects on the market and the financial sector. Initially, prices for food and drinks in restaurants and cafes are expected to rise. This could result in fewer diners dining out as many people may not be able to afford higher prices or may prefer to cook at home due to the price increase.

The restaurateurs themselves may have difficulty covering their operating costs. The higher sales tax also increases the cost of food and other products they need to run their restaurants. This could result in some restaurateurs having to increase their prices to cover the increased costs. However, this could potentially cause them to lose customers if they are unwilling to accept the higher prices.

Another possible effect of rising VAT in the catering industry is a decline in jobs in the industry. If sales at restaurants and cafes fall due to higher prices, some establishments may be forced to lay off staff to save costs. This could lead to growing unemployment in the catering industry.

It is important to note that the impact of the VAT increase in the catering industry depends on many factors, including the general economic situation, the competitive situation in the industry and the individual pricing of restaurateurs. Regional differences can also play a role, as prices and consumer behavior can vary in different parts of Germany.

Overall, it is likely that the increasing VAT in the catering industry will have an impact on the market. It remains to be seen how restaurateurs in Mecklenburg-Western Pomerania will react to the price increase and how this will affect sales and employment in the industry.

Source: According to a report from www.ostsee-zeitung.de