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A Michelin Star Doesn't Make a Restaurant Profitable
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A Michelin star can bring serious professional recognition and significant guest traffic, but it does not make a restaurant profitable in itself. Gergely Tóth, COO of Costes Group, also spoke on Economx Exclusive about how a top restaurant can be financed, why Hungarian fine dining is still based on foreign tourists, and how Covid has exacerbated the labor shortage in the hospitality industry.
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