Cheers

Cheers

The Beverage Business Magazine for Full-Service Restaurants and Bars

  • Beverage Trends
    • Beer
    • Wine
    • Spirits
    • Wine Reviews
    • Marketing
    • Operations
  • Operators
    • What I’m Drinking Now
  • Recipes
    • Submit a Drink Recipe
  • Events & Awards
    • Cheers Beverage Summit
    • Growth Brands
    • BevX Awards
    • Supplier Awards
  • Podcasts
  • E-News
    • E-News Subscribe
  • Digital Issues
  • Cheers@Home

NRA: 17% of Restaurants Shuttered During Pandemic

12/08/2020

by: Melissa Dowling

Caucasian female turning sign from open to closed on the entrance door of his small cafe. Out of business

More than 110,000 restaurants—17% of establishments—have closed since March, according to the latest data from the National Restaurant Association. The survey of 6,000 operators, conducted from Nov. 16-30, found that 10,000 restaurants have closed over the past three months due to the pandemic. Some 100,000 restaurants had shut as of September.

Most of these restaurants were established in the industry for years, and on average, had been in business for 16 years. About 16% of the shuttered eateries had been in business for 30 or more years,

What’s more, 87% of full-service restaurants saw revenue slip 36% during the past three months, and 83% of operators expect the next three months to be even worse. More than half (58%) of operators surveyed said that they expect layoffs and furloughs to continue in the next three months.

Advertisement

In a Dec. 7 letter to Congressional leaders, Sean Kennedy, the NRA’s executive vice president for public affairs, said that more than 500,000 restaurants of every type “are in an economic free fall.” And for every month that passes without a solution from Congress, he said, “thousands more restaurants will close their doors for good.”

The letter supported the $908 billion emergency bipartisan relief package as a short-term solution. Kennedy noted that the plan “represents a ‘down payment’ for a larger relief package in early 2021, providing restaurants with immediate relief to survive the most dangerous point in our business season.”

000 restaurants closed in 2020 110 Covid-19 National Restaurant Association

Last modified: 12/16/2020

Previous Story:
Drizly Forecasts Higher-Than-Usual Holiday Alcohol Sales
Booker's Bourbon Pigskin Batch. Next Story:
Booker’s Bourbon Announces Pigskin Batch

About the Author: Melissa Dowling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

In The News

  • Yuengling Distribution Expands into Texas
  • Country-music Star Thomas Rhett Launches Dos Primos Tequila
  • Niche Import Changes Name to Marussia Beverages USA
  • Balcones Releases New American Single Malt, Lineage
  • TTB Approves New Sizes for Canned Wine
  • Luxco Launches Ezra Brooks 99 Bourbon
More News >>

Follow Us

Facebook
Twitter

Featured Drink

  • Oh, Sherry!
    Oh, Sherry! cocktail

Drink Recipes

  • Feel The Warmth Of Hot Cocktails
  • Oh, Sherry!
  • Glorious Beginnings
  • Reindeer Mule
  • 8 Sparkling Cocktails To Ring In 2021

Current Issue

Cheers Current Issue

Cheers Magazine

  • About Cheers
  • Advertise
  • Contact Us
  • Subscribe
  • Market Research

Events & Awards

  • Beverage Excellence Awards
  • Cheers Beverage Summit
  • Growth Brands Awards

Magazines

  • Cheers
  • Beverage Dynamics
  • StateWays
  • Beverage Wholesaler
  • Beverage Handbooks (research)

E-Newsletters

  • Better Bartending
  • Cheers
  • Beverage Dynamics
  • StateWays
  • Beverage Wholesaler
  • Beverage Universe
  • Cannabis Regulator
  • About EPG Media
  • Send File
  • Privacy Policy
Powered by WordPress and Versal.