Wine Spectator: Restaurants Shift From Shock To Survival ModeApril 3, 2020
According to a National Restaurant Association survey released March 25, 3% of U.S. restaurants have already permanently closed, with another 11% expecting to permanently close in the next 30 days.
Though the figures are shocking, they shouldn’t be surprising for a characteristically tight-margined industry confronted with sweeping orders to close dining rooms. From mom-and-pop diners in Massachusetts to all of the restaurants inside Las Vegas’ resort casinos, the shutdowns have left chefs, waiters and restaurateurs facing the challenge of their lives.
As the crisis intensifies, so are restaurants’ efforts to adapt business strategies. With the landscape changing so rapidly, industry leaders say it’s crucial to try to stay ahead of the curve. They’re doing what they can to support their teams and create revenue streams wherever possible, all while navigating the complex webs of grants, loans, and unemployment. Wine Spectator has a full report.—Julie Harans, Augustus Weed, and Collin Dreizen