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Restaurants shut down at record pace

(Credit: Eater New York / Gary He)

More than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the pandemic. The nationwide tally represents a whopping one in six U.S. eateries, and was up from about 100,000 shutdowns in a September survey.

  • National Restaurant Association continues lobbying congress: The trade group shared the latest survey results with Congressional leaders in an attempt to secure financial support for a sector rocked by rising costs and falling sales, Bloomberg reported.
  • Worth Noting: Thirty-seven percent of operators say it is unlikely their restaurant will still be in business six months from now. Expenses are also climbing, with 59% of operators saying their total labor costs are higher than they were pre-pandemic. 
  • Here we go again: With Covid cases on the rise, Governor Andrew Cuomo said indoor dining would be shut down in New York City and reduced across the rest of the state if the regional hospitalization rate has not stabilized after five days. [Bloomberg]

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