Inflation in a Post-Lockdown Economy Created ‘Perfect Storm’ for Mass Restaurant Closures

by Olivia Rondeau

Inflation, the high cost of living, and the post-coronavirus lockdown landscape have created the “perfect storm” for restaurants across the country to fail, analysis shows.

From sprawling metropolises like New York City to midwestern towns, Americans are eating out less and less as the value of their dollars plummets.

Data from the third quarter of 2023 shows that visits to full-service restaurants across the United States were down nearly five percent from 2022, while customers at coffee shops shot up by around the same amount.

As people returned to in-person work after the pandemic shutdowns, their fast-casual food and drink orders went up while they spent less to actually sit down somewhere and eat.

Continue Reading at…


Please enter your comment!
Please enter your name here