Restaurants forced into takeout by coronavirus lose appeal of atmosphere: Zane Tankel
Apple-Metro CEO and Chairman Zane Tankel on how coronavirus-hit restaurants are adapting and surviving.
Restaurants are recovering from lost revenue in wake of the coronavirus pandemic, but many have remained closed for good, new data suggests.
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A staggering 132,580 businesses listed on the review website Yelp were closed as of July 10 as a result of COVID-19, according to its most recent Economic Average report. And while the industry continues to face devastating closures, the good news is that number is slightly down from 140,000 last month as reopenings continue.
Cities such as San Francisco, New York, Las Vegas and Honolulu experienced the most temporary and permanent closures, according to Yelp. Texas, California and New York have the highest total number of closures, according to the report.
CORONAVIRUS COULD CLOSE 2.2 MILLION OF WORLD'S RESTAURANTS
And while the total number of temporary business closures have eased slightly, 72,842 businesses are permanently shut down, an increase of 15,742 permanent closures since June 15. Now, permanent closures account for 55 percent of all closed businesses since March 1, a 14 percent increase since June when Yelp reported 41 percent of temporary closures became permanent.