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2 results for "hospitality sector"

MarketsDeveloping

6.6

South Korean restaurants face margin squeeze from commodity inflation

South Korean restaurant operators report sharp increases in input costs across beef, pork, eggs, vegetables, and packaging materials—with wholesale beef prices up 43% in recent weeks. Rising global oil prices are cited as a primary driver of inflationary pressure on the hospitality sector. The claims are based on direct operator testimony but lack broader sector data or official inflation statistics.

South China Morning Post·KR·about 5 hours ago

Corroborating

#inflation #food service #supply chain #south korea #commodity prices

GlobalDeveloping

6.3

Japan restricts foreign restaurant worker visas as intake nears cap

Japan is suspending new visa approvals for foreign restaurant workers as the country approaches its statutory ceiling on such permits. This policy shift reflects Japan's ongoing tension between labor shortages in hospitality and immigration constraints. The move may pressure the restaurant sector and has implications for Japan's broader labor strategy.

Nikkei Asia·JP·about 5 hours ago

Emerging

#immigration policy #labor shortage #hospitality sector #japan #workforce