Restaurant Industry-July 13th

Reservations

Barring the abnormal spikes and dips, restaurant reservations have plateaued over the past two weeks. Similar to foot traffic for bars and casual dining, it seems that consumers are being a bit more cautious about their dining patterns due to the resurgence of COVID-19 cases. Since the abnormal spike and dip, it seems reservations may be on the rise again, recovering ~10%yoy over the last week. Only time will tell whether or not this plateau will be short-lived.

Casual Dining, Fast Food, and Bars

Bars have been the most severely affected since the uptick in COVID-19 cases, with more than a 10% decline in foot traffic since June 17th. Bars peaked at 82.5%yoy and declined down to 71.53%yoy at its lowest.

Casual dining tells a similar story, though less extreme. Casual dining peaked at 70.42%yoy , with a low this week of 66.2%yoy .

Fast food cannot be upset by the uptick in cases, and has averaged pre-corona levels of customers for the last two weeks.

In the news

Where Restaurants and Bars Are Closing Again Across the U.S.

Elazar Sontag

Restaurants and bars are being re-closed after a spike in COVID-19 cases. This is a comprehensive list of states that have re-closed or restricted their restaurants as of July 10th.

Idaho

On June 15, nightclubs and bars in Ada County, which were previously allowed to reopen, are closing after a spike in COVID-19 cases.

Florida

On June 26, bars, previously allowed to reopen, are closed after a spike in COVID-19 cases. On July 8, restaurants in Miami-Dade County must close to dine-in service, after a spike in COVID-19 cases.

Arizona

On June 29, bars, previously allowed to reopen, closed after a spike in COVID-19 cases. Closures will last until July 27, at the earliest.

Texas

On June 29, restaurants reverted to 50 percent capacity, after a spike in COVID-19 cases. Bars were also ordered closed.

Colorado

On June 30, bars that do not serve food, previously allowed to reopen, closed after a spike in COVID-19 cases. Closures will last at least 30 days.

California

On July 1, restaurants in Los Angeles and 18 other California counties reverted to a delivery and takeout model. The closing of restaurants to dine-in service will last at least three weeks.

Michigan

On July 1, bars, previously allowed to reopen for indoor dining, reverted to takeout and outdoor drinking, after a spike in COVID-19 cases. Bars in northern Michigan and the Upper Peninsula were excluded from this order, and may remain open.

Pennsylvania

On July 3, restaurants and bars in Allegheny County closed to dine-in service after a spike in COVID-19 cases. Dine-in service set to resume on July 10.

Tennessee

On July 3, restaurants in Nashville reverted to 50 percent capacity, after a spike in COVID-19 cases. In Davidson County, bars that derive a majority of their revenue from alcohol sales also closed, and will not reopen for at at least two weeks.

Nevada

On July 10, in Clark County and Washoe County, bars that do not serve food will close, to prevent a spike in COVID-19 cases.

Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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