1 in 4 restaurants will never reopen after the pandemic, OpenTable CEO warns
That’s the dire assessment from OpenTable’s CEO, who predicts a quarter of the eateries that are now closed or that are only doing take out during the pandemic won’t be able to reopen again once this is over. Indeed, David Chang’s Momofuku restaurant group announced Thursday that it’s closing two of its restaurants in New York and Washington, D.C.
“Restaurants are complicated beasts,” he said in an interview published Thursday. “You have to order food and supplies. You have to make sure you’ve prepped the kitchen and service areas to be easily disinfected.” What’s more, it can be difficult to hire people to work in such a customer-facing position — especially when their unemployment benefits and stimulus payments may give them more stable income than they might get from their hourly wages and tips.
The National Restaurant Association also reported that its restaurants lost $30 billion in March, and $50 billion in April.
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