Financial crisis to be a private-party pooper this holiday season

Financial crisis to be a private-party pooper this holiday season

As the economy continues its downward spiral, restaurant owners expect private-banquet and corporate-gala business to be anything but merry and bright this holiday season.

Usually, autumn is a time of year when optimism infuses the industry: The year’s most abundant harvests are hitting loading bays, chefs are rolling out new fall menus and operators are seeing dollar signs as big-ticket bookings for year-end corporate bashes and other private parties mount.

But operators’ moods

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