Did You Know? The Restaurant Industry
Many people are now much more comfortable dining out than they were throughout much of the pandemic. All it takes is a look inside establishments across the country to recognize that dining out is back in a big way. However, some experts say the restaurant industry may never truly recover from COVID-19. In March 2022, OpenTable reservations outpaced pre-pandemic levels, and even the most stalwart cities finally lifted most of their pandemic-related restrictions on indoor dining and other precautions. But the National Restaurant Association says even though the desire to dine out has rebounded, worker shortages throughout 2022 have hampered establishments’ abilities to fully recover. The association also points out that just one in four restaurants inter viewed felt their restaurant will be more profitable this year than last. Rising food costs and demands for higher salaries, coupled with continuing safety precautions, which may include overhauling expensive HVAC systems to improve indoor air flow, are eating into restaurant profits. Only time will tell if the industry can fully bounce back.