Restaurant Industry Faces Closures, Bankruptcy in 2025

The restaurant industry is facing significant challenges as it adapts to changing consumer preferences and economic pressures, with major brands like Wendy's and Denny's closing locations and others filing for bankruptcy. Experts suggest that while these closures are painful, they may provide a cover for other businesses to restructure. Meanwhile, in Los Angeles, the hospitality sector is also struggling due to rising costs and recent wildfires, yet many restaurateurs are actively supporting their communities by providing meals to first responders. A 2025 wish list from local chefs highlights their hopes for better customer engagement and support for the industry. In India, the restaurant sector is looking for policy changes in the upcoming budget to drive growth, including tax reforms and incentives aimed at enhancing tourism and job creation. Overall, the restaurant landscape is navigating through tough times but is also showing resilience through community support and calls for systemic improvements.