… Since the pandemic started, the NRA said nearly 1 in 6 restaurants have closed permanently or are closed long-term…
NRA report: pandemic has forced 100,000 restaurant closures in six months
The National Restaurant Association reveals latest survey findings: 40% of operators say they are unlikely to stay in business six months from now if there are no additional relief packages from the federal government; trade group sends letter to Congress and White House.
Nancy Luna, Nation's Restaurant News
Sep 14, 2020
The restaurant industry has experienced 100,000 closures tied to the coronavirus pandemic, according to the latest survey by the National Restaurant Association.
The trade group has been surveying its members since the pandemic began. In the latest survey, released Monday, the association asked operators about the six-month impact of the pandemic on their restaurants. The results were bleak, with 40% of operators stating ”it is unlikely their restaurant will still be in business six months from now if there are no additional relief packages from the federal government,” according to the report.
Since the pandemic started, the NRA said nearly 1 in 6 restaurants have closed permanently or are closed long-term.
As such, the trade group sent a letter to Congress and the Trump Administration on Monday asking government leaders for more relief as funds tied to previous federal support programs have dried up.
Other findings: about 3 million restaurant workers are still out of work; and, as previously stated by the NRA, the industry is on track to lose $240 billion in sales by the end of the year.
"For an industry built on service and hospitality, the last six months have challenged the core understanding of our business," Tom Bené, president and CEO of the NRA, said in a statement. “Across the board, from independent owners to multi-unit franchise operators, restaurants are losing money every month, and they continue to struggle to serve their communities and support their employees."
In the letter, the NRA points to a critical inflection point for the restaurant industry with onset of cooler fall and winter temperatures.
“Outdoor dining will soon be impractical for many owners, and without immediate steps from Congress, thousands of restaurants may close before you reconvene after the November elections,” according to the letter...