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Only 1 in 4 restaurants believe they will make a profit in rest of 2020

NRA

A new report from the National Restaurant Association has found that three quarters of restaurant operators do not believe they will be profitable in the coming six months.

Based on a survey of 3,800 US operators between May 15-25, the report went further, suggesting that the industry will lose around $240 billion in that same six-month period.

In the March-May period alone it lost half of that figure due to the COVID-19 lockdown measures around the country.

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At the height of the pandemic, this saw over 8 million employees out of work in the restaurant industry alone.

The survey also suggested that, at the end of May, around 76% of restaurants were open ‘in some capacity’, while 26% were closed temporarily. This figure omits restaurants that have been forced to close permanently.

Furthermore, the National Restaurant Association found that the most common reason for not opening up as soon as possible was that the operator deemed it ‘too soon from a public health perspective’.

Tags : coronavirusCOVID-19National Restaurant Association
Sam Lewis

The author Sam Lewis

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