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How restaurateurs took advantage of the Covid crisis

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A study shows that the current result of cafes, hotels and restaurants jumped by more than 60% in 2021 while it would have fallen by 22% without the subsidies.





By Marc Vignaud

The hotel-café-restaurant sector has been particularly affected by health restrictions. He was also helped a lot.
© LOIC VENANCE / AFP

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VS’is a study that highlights the extent of “whatever it takes” during the Covid crisis. On Wednesday morning, the Federation of Approved Management Centers (FCGA), to which many very small businesses with fewer than 10 employees belong, subject to income tax (and not corporate tax), unveiled, during a press conference organized by the Banque de France, an assessment of the impact of subsidies granted by the State on the results of small businesses. Carried out thanks to the examination of 131,500 tax returns from very small businesses from 77 professions and 11 different sectors, this work confirms that restaurateurs, forced to lower the curtain during periods of confinement, have largely benefited from public aid. Between the fund of…


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