Exclusive news and research on the wine, spirits and beer business

Wine Spectator: How Will The Coronavirus Impact The Restaurant And Wine Industries?

February 28, 2020

For almost all of February, the streets in the busiest cities of the world’s most-populous nation have been empty. As China has battled to contain the novel coronavirus that causes the disease Covid-19, the economy has been nearly shut down and more than 760 million people have been living under varying degrees of quarantine.

The situation has been devastating to the wine and restaurant industries, who have seen business all but disappear. Many restaurants in major cities like Shanghai, Macau, Guangzhou, and Hong Kong were ordered to close completely for three weeks. Those who could remain open were mandated to have limited hours and takeout service only. Now that strict measures are gradually being lifted, they are reopening, but business is still drastically down.

And as the virus has continued to spread to other nations, there are fears that restaurants, hotels, and other travel-related businesses around the globe could suffer. Wine Spectator has a full report.—Suzanne Mustacich, Julie Harans, & Cassia Schifter

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , ,

Get your first look at 2019 data and 2020 projections for the wine and spirits industries. Order your 2020 Impact Databank Reports. Click here.

Previous :  Next :