[Boston 25 News] Mass. restaurant woes: Will economic challenges force your favorite spot out of business?

Rising food prices and higher labor costs are posing challenges to restaurants as they strive to maintain reasonable prices and remain in business. As restaurants grapple with economic pressures, consumers are adapting their dining habits, leading to mixed expectations for the industry’s future. An industry survey conducted by KPMG found that 62 percent of restaurant owners expect business to decline in the coming year, while 19 percent anticipate no change, and another 19 percent foresee an increase in traffic.

Boston 25 News spoke with Seth Gerber, Adjunct Professor at BU’s School of Hospitality Administration and Managing Partner of MIDA, for his take on these challenges and what lies ahead for the industry.

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