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The state of the restaurant industry

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101–110 of 591 posts

Re: The state of the restaurant industry

#101
I would love to see similar data for other industries as well. Any form of retail is going to get hit by this. Those that don't have online ordering setup are in for a world of hurt, and those that have it but don't advertise it well may not change the message fast enough.

The long term impact for a lot of people is terrifying, but I don't see a way to avoid it without instead badly damaging our healthcare system and potentially killing a lot of people.

Re: The state of the restaurant industry

#102
post #5

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.

Can someone give money to OpenTable to support restaurant in difficult time?

I wanted to help a couple of local business but there’s nothing on-line: Google Maps says that they are open (and my city in in lock-down).

Re: The state of the restaurant industry

#103

I would love to see similar data for other industries as well. Any form of retail is going to get hit by this. Those that don't have online ordering setup are in for a world of hurt, and those that have it but don't advertise it well may not change the message fast enough. The long term impact for a lot of people is terrifying, but I don't see a way to avoid it without instead badly damaging our healthcare system and…

We have built a dashboard to do this sort of tracking https://www.econdb.com/covid/Italy/ which will be improved gradually. Obtaining good proxies for economic activity can be hard on some sectors.

Re: The state of the restaurant industry

#105

Earlier quoted context omitted.

Other countries don't have those filthy wet markets. They ARE absolutely filthy. They're on the same hygiene levels as the bushmeat markets in the poorest African countries. You know, Ebola? Isn't it amazing that poorer, even denser countries like India or Bangladesh haven't originated the same deadly pandemics? The PRC deserves the blame for this. Scientists have known about the issues with those markets for a long…

Industrial farming practices in the US and many other countries could easily lead to similarly dangerous animal-to-human transmissions.

The point is, industrial farming HASN'T.

(There is plenty to say about industrial farming; the use of antibiotics in it is probably largely responsible for MRSA and the likes. But it has not resulted in a wartime-like conditions in the whole world.)

Re: The state of the restaurant industry

#106

Earlier quoted context omitted.

That's not exactly a realistic outlook on what will ultimately be a temporary situation.

It all depends on how long it is temporary. Current predictions are 2-3 months, which I think it is already too much time for most restaurants.

As always, new restaurants will take the place of shuttered ones. It won't be easy, but "eating out" as a practice will not disappear!

Re: The state of the restaurant industry

#107
post #39

The government has talked about bailouts for various industries from airlines, to cruise ships, to shale companies. But almost every sector of the US economy is going to be hit by this and I have no idea how we are going to react. Will there be a restaurant bailout? What would that even look like? It is much easier to work on bailing out a handful of airlines but how do you handle it for literally thousands of small…

UBI is honestly the only solution here.

Re: The state of the restaurant industry

#108
post #39

The government has talked about bailouts for various industries from airlines, to cruise ships, to shale companies. But almost every sector of the US economy is going to be hit by this and I have no idea how we are going to react. Will there be a restaurant bailout? What would that even look like? It is much easier to work on bailing out a handful of airlines but how do you handle it for literally thousands of small…

They need a moratorium on rent, mortgage and property taxes. Temporarily suspend base operating costs, and provide direct assistance for employees.

Loans will help them bounce back when the crisis is over. Makes no sense right now.

Re: The state of the restaurant industry

#109
post #50

Earlier quoted context omitted.

Remarkable how quickly you were able to dehumanize the economic impact on millions of lives and yet simultaneously anthropomorphize the “economy”. A single sentence.

The restaurant industry is brittle and consolidating, and the the American middle class might not be strong enough to support it anymore. Recent events just magnify the weaknesses of the existing system. We could talk about things like the expansion of government programs, or we could talk about your theory of how I'm stripping people's humanities away. You would also presume quite poorly if you thought I haven't wor…

I'd recommend keeping your first two sentences (which are interesting), and deleting the rest of the comment (which just continues an inflammatory line).

Re: The state of the restaurant industry

#110
>the cascading economic impact from just this one sector will be enormous.

The entire hospitality industry is going to take a huge hit. I do work in the convention, corporate travel/event space, and my calendar up until June has been wiped out. Cascading is the key thing people seem to gloss over. Sure, servers and kitchen staff are obvious. The food delivery people will not be needed. Companies like Aramark that provide cleaning services for floor mats/uniforms/etc are not needed. Down the line it goes.

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