Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/224316
Title: EFFECTS OF COVID-19 ON FOOD AND BEVERAGE OUTLETS IN SINGAPORE
Authors: CHEONG MUN WENG
Issue Date: 20-Apr-2022
Citation: CHEONG MUN WENG (2022-04-20). EFFECTS OF COVID-19 ON FOOD AND BEVERAGE OUTLETS IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: The COVID-19 pandemic had caused huge economic impacts around the world. The F&B service sector was one of the most exposed sectors, showing huge losses in the early time period of the pandemic. Past literature have worked on the early effects and implications of COVID-19 on the F&B service sector but none had performed studies on subsequent impacts of restrictions on the sector. Hence, this dissertation adopts a mixed method consisting of both quantitative and qualitative methods in examining the Effects of COVID-19 on F&B outlets in Singapore, particularly during the second wave of COVID-19 infections. ARIMA models were used to predict the sales index of the four F&B industries: 1. Restaurants, 2. Fast Food Outlets, 3. Food Caterers, 4. Others. In-depth interviews were also conducted to complement the data. The study found out that the restaurant industry was the least resilient compared to the three other industries after the announcement of measures to curb the waves of the new Delta variant. This was done through the comparison of ARIMA estimates to the actual sales index observed in the year 2021. Challenges faced by F&B outlets were identified such as the high cost, manpower issues and rising trend of food deliveries. Solutions and recommendations were then given by experts from the F&B service sector. With the results of the study, it would benefit different stakeholders in the F&B service sector, particularly for landlords and current F&B business owners looking to rent their premises out to F&B tenants or expand into a new F&B space respectively.
URI: https://scholarbank.nus.edu.sg/handle/10635/224316
Appears in Collections:Bachelor's Theses

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