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100,000 Restaurants Closed Six Months into Pandemic
Six months following the first shutdown of restaurants for the coronavirus pandemic, the restaurant industry is in limbo. According to a new survey released by the National Restaurant Association, nearly 1 in 6 restaurants (representing nearly 100,000 restaurants) is closed either permanently or long-term; nearly 3 million employees are still out of work; and the industry is on track to lose $240 billion in sales by the end of the year.
The survey, which asked restaurant operators about the six-month impact of the pandemic on their businesses, found that overwhelmingly, most restaurants are still struggling to survive and don't expect their position to improve over the next six months. The findings include...
National Restaurant Association Launches Restaurant Revival Campaign
The National Restaurant Association is highlighting its new multimedia Restaurant Revival Campaign. The national ad taps into the sights and sounds associated with dining out and asks diners, "Doesn't dining out sound good?"
"This campaign is about reigniting the memories we cherish about dining out. While diners have been able to enjoy some restaurant meals through take-out and delivery, we all have missed hearing the words, 'Your table is ready,' and the unique experiences that dining out provides," said Tom Bené, President & CEO of the National Restaurant Association. "We know safety is top of mind for returning diners...
Yelp Report Reveals Increase in Permanent Restaurant Closures
In April, after most of the United States had been in shelter-in-place or under “lockdown” orders for a month, the National Restaurant Association (NRA) reported that sales losses for the restaurant industry could total up to $240 billion by year-end. Their research, which included a survey of more than 6,500 restaurant operators, found that 4 in 10 restaurants in April were closed. Now, four months into the pandemic, a new report released by Yelp reveals that the number of permanent restaurant closures is only increasing...
National Restaurant Association Calls for Federal Support for the Restaurant Industry
The National Restaurant Association sent the Blueprint for Restaurant Revival to Congress. The comprehensive policy and legislative plan outlines specific and immediate action the federal government should take to stabilize the industry in the short-term and set the foundation for long-term rebuilding.
"In just the past two weeks, state and local government mandates have shut down almost 100,000 restaurants," said Sean Kennedy, executive vice president of Public Affairs for the Association. "Since the restaurant industry was first shuttered, the National Restaurant Association and our State Restaurant Association partners have led the call at the federal, state, and local level for policies that will allow us not to profit, but simply to survive this pandemic. Despite losing more...
April Restaurants Sales Hit Lowest Point in 35 Years
According to the National Restaurant Association, consumer spending at eating and drinking establishments was at its lowest level since October 1984, when adjusted for inflation.
In the month of April, sales at eating and drinking establishments reached $32.4 billion, on a seasonally-adjusted basis according to data from the U.S. Census Bureau. In January, sales were more than double April’s mark at $65.4 billion.
April sales were the smallest in volume since March 2005, but when adjusting for inflation it was the lowest mark in 35 years...
Restaurant Employment Falls to Lowest Level Since 1989
The restaurant industry lost more than three decades of jobs in the last two months, according to National Restaurant Association analysis of preliminary data released by the Bureau of Labor Statistics. Eating and drinking places – which are the primary component of the total restaurant and foodservice industry – lost 5.5 million jobs in April, on a seasonally-adjusted basis, which follows a net decline of nearly a half-million jobs in March. This is nearly three times more jobs than any other industry.
"In February, there were more than 12 million people on the payrolls of eating and drinking places across this country, but today more than six million restaurant workers are...
National Restaurant Association: Restaurant Industry has Lost Two-Thirds of Workforce
From beloved corner diners, to favorite independent restaurants to well-known chains, the entire restaurant industry has lost two-thirds of its workforce, more than eight million employees, as a result of COVID-19 closures, according to a new national survey conducted by the National Restaurant Association and included in a new industry recovery plan sent to Congress today.
The Association called on Congress to enact a new "Blueprint for Recovery" to provide targeted relief for the second largest private sector employer, an industry that is larger than airlines, railroads, ground transportation and spectator sports combined, and that has in the past been one of the...
National Restaurant Association: More Relief Needed to Keep Restaurants Afloat
The National Restaurant Association told U.S. representatives that current COVID-19 relief funds will not be enough to keep many restaurants in business through the crisis. The Association noted increased warning signs that more relief may be necessary for foodservice operators and their employees.
The group noted that as of April 9, three million restaurant employees have lost their jobs and the coronavirus has cut $25 billion in revenue from the industry since March 1. Another critical point from the NRA said that 15 percent of restaurants...
National Restaurant Association Cancels Upcoming May Show
The National Restaurant Association Show, which was set to take place in Chicago from May 16-19, has been canceled.
“After many weeks of monitoring the evolving situation around COVID-19, including guidance from the CDC and the Governor of Illinois, it is with great regret that we announce the unavoidable cancellation of this year’s National Restaurant Association Show,” an update on the show website explained.
This is not the only food show to be canceled due to the coronavirus. Natural Products Expo West, which was set for...
National Restaurant Association Calls on Congress for Relief Amid Coronavirus Outbreak
The National Restaurant Association called on President Trump and congressional leaders to provide immediate relief in the wake of government-mandated operational changes. The large-scale closures and restrictions on gatherings have created an economic hardship that will ripple through every community in this country.
Early economic forecasts reveal the industry will sustain at least a $225 billion loss and be forced to eliminate between 5 to 7 million jobs over the next three-months; however, the White House and others are projecting a potentially longer period for reduced operations. In a letter to the Administration and Congress, the National Restaurant Association outlined several options that can provide...
National Restaurant Association Unveils its Restaurant Industry 2030 Report
Today the National Restaurant Association, in partnership with American Express and Nestlé Professional, released its 10-year outlook report on the projected state of the restaurant industry in 2030. The report, "Restaurant Industry 2030: Actionable Insights for the Future," examines the key indicators shaping the future of the industry, identifies the most and least likely developments over the upcoming decade, and considers possible disrupters outside the industry that could transform it. The findings are based on input from a variety of restaurant sector experts, futurists, and government statistics.
Key economic projections for 2030 include...
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