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Tag: Hospitality
Chicago Hospitality Executive Cites Tariffs and Economic Uncertainty in Staff Cuts and Price Hikes
The founder of a Chicago-based hospitality group managing several bars and coffee shops has implemented significant operational changes in response to economic pressures. Michael Salvatore reports that tariff impacts and broader uncertainty have forced staffing reductions and strategic price increases across his establishments.
Economic Pressures Reshape Chicago Hospitality Landscape
A prominent Chicago hospitality executive has reportedly implemented staffing cuts, hiring freezes, and price increases across his establishments, citing tariff impacts and economic uncertainty as primary drivers. According to reports, Michael Salvatore, founder of Heritage Hospitality Group, states the current business environment rivals the challenges faced during COVID-19 shutdowns.