The state of the restaurant industry

#1

Post by enraged_camel » Tue, Mar 17, 2020, 4:25 PM UTC

The state of the restaurant industry
opentable.com

Re: The state of the restaurant industry

#2

Post by TylerE » Tue, Mar 17, 2020, 4:43 PM UTC

Getting ready to nose dive totally.

Here in NC we just joined the list of states that have banned dine-in service entirely. Curbside or delivery only, after 5PM today.

Re: The state of the restaurant industry

#3

Post by cs702 » Tue, Mar 17, 2020, 4:48 PM UTC

Wow, 50-70% drop in online reservations, phone reservations, and walk-in diners, compared to last year, in every country measured by OpenTable.

The restaurant sector generates $3 trillion in annual sales worldwide, and provides employment to a vast number of individuals.[a]

Absent government intervention, the cascading economic impact from just this one sector will be enormous.

[a] https://medium.com/@CravyHQ/the-restaurant-industry-a-global...

Re: The state of the restaurant industry

#4

Post by brenden2 » Tue, Mar 17, 2020, 4:50 PM UTC

Presumably it should be -100% in cities like NYC where restaurants have been ordered to shut down for in-restaurant dining.

Re: The state of the restaurant industry

#5

Post by dlandis » Tue, Mar 17, 2020, 4:51 PM UTC

Does that data indicate that seated reservations are only presently down 56% YOY in the US ? That's pretty discouraging if that many people are still ignoring standard guidance.

Re: The state of the restaurant industry

#6

Post by wmeredith » Tue, Mar 17, 2020, 4:53 PM UTC

That's about to completely crater. My city issued guidance just yesterday (3/16) that all dining room service is to stop. Drive through, delivery, and curbside only.

Re: The state of the restaurant industry

#7

Post by coldcode » Tue, Mar 17, 2020, 4:53 PM UTC

In Orlando its 50% capacity, but no sales of booze except to go.

Re: The state of the restaurant industry

#8

Post by the_economist » Tue, Mar 17, 2020, 4:54 PM UTC

wmeredith wrote: post #6

That's about to completely crater. My city issued guidance just yesterday (3/16) that all dining room service is to stop. Drive through, delivery, and curbside only.

What city?

Re: The state of the restaurant industry

#9

Post by KptMarchewa » Tue, Mar 17, 2020, 4:55 PM UTC

I can't understand why would somebody think that putting latest data on the left is a good idea.

Re: The state of the restaurant industry

#10

Post by mark-r » Tue, Mar 17, 2020, 4:56 PM UTC

TylerE wrote: post #2

Getting ready to nose dive totally. Here in NC we just joined the list of states that have banned dine-in service entirely. Curbside or delivery only, after 5PM today.

Same here in Minnesota.