Another anomaly in restaurant reservations numbers this week, with Georgia seeing a sharp 27%yoy jump up July 3rd, followed by a steep drop of 31%yoy the following day. It is unsure whether this is from the uptick in corona cases in the US, from the holiday weekend, or a combination of both.
Casual Dining, Fast food, and Bars
This week saw a plateau and even slight decline in both casual dining and fast food foot traffic. Casual dining peaked at 70.71%yoy and dropped down approximately 1% over the week, while bars peaked 82.5%yoy followed by an approximate 4% decrease. This drop stems from the increase in COVID-19 cases in the US. States like Texas and California have already restricted restaurants and bars again due to this increase, expect to see other states follow a similar behavior. Fast food remains unaffected.
In the News
One and a half million of the jobs that were added last month were in bars and restaurants. Nearly three-quarters of a million were in retail. Some of those jobs could be in jeopardy now.
In a single day, more than 1,400 health care workers signed an open letter to Kemp calling on him to shut down bars and restaurants, ban indoor gatherings of more than 25 people, mandate masks, and free local governments to institute their own rules to halt the spread of the disease.
Confirmed cases of the novel coronavirus jumped to 3,472 Thursday, up 18 percent from the day before, bolstering warnings that the disease may be spreading out of control.