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AbstractThis essay will investigate how the economic crisis may have impacted the food and beverage industry in three hotels and three restaurants in Cascais Portugal The questiongives a wide range of possible analysis to be done as it is not specificneverthelessthe investigation may too be considered narrow as the spatial and socio-economic context are particular Two questionnaires were used for primary data in this investigation One of the questionnaires made was presented to the hotels and restaurants where many of the ways were discussed The second questionnaire was on Portuguese peoples spendings on restaurants and hotels in times of crisis and it took place in the Cascais station where the citizens shared their personal standpoint A lot of information from this surveywas valuable primary material for this investigation These presented a good idea of what people were going through both as managers and as part of the community As for the secondary data some good sources were found which provided some facts and helped with the writing of the investigationThe aim of this studyis totellwhether the crisis is affecting the hotel and restaurant industry thereforeunderstanding how affected and desperate the hotels and restaurants are the ways in which they coping with it and the governments point of viewwill be a significant part of the investigation10 IntroductionThe year of 2008 significantly impacted the worlds economy a recession that wasnt yet felt since the 1930s A huge part of this financial world crisis was due to the bankruptcy of a very powerful bank in the US called the Lehman Brotherswhich caused a very rapid spread to the rest of the financial world including EuropeIt was never seen such liquidation until todays date the bank held more than 600 billion dollars in assets It was for this reason that borrowing money from banks went from approximately 0 to 5 per centYet it wasonly in 2010 that a greater impact of this hit Portugal as well as the
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