Posted by Richard Willet - Memes and headline comments by David Icke Posted on 5 October 2021

Restaurant Recovery Fried As “Business Conditions Worse Now Than Three Months Ago”

The National Restaurant Association (NRA) penned a letter to Speaker Pelosi, Leaders Chuck Schumer, Kevin McCarthy, and Mitch McConnell about the restaurant industry’s dire situation heading into the fall season.

NRA said the “struggling restaurant industry is of grave concern to us.” The association included a new survey of the industry’s economic conditions and they “state a recovery from the pandemic will be prolonged well into 2022.” They warned: “the majority of full-service and limited-service operators say business conditions are worse now than three months ago.” 

The findings below are on the heels of soaring food inflation, labor shortages, and logistical nightmares that have made some restaurant items nearly impossible to obtain.

  • 78% of operators say their restaurant experienced a decline in customer demand for indoor, on-premises dining in recent weeks because of the delta variant spike.
  • 63% of operators said their sales volume in August, historically one of the busiest months for restaurants, was lower than it was in August 2019.
  • Costs are up – 91% of operators are paying more for food; 84% have higher labor costs; 63% are paying higher occupancy costs, but profitability is down – 85% of operators reported smaller margins than before the pandemic.
  • Although the industry has added back many of the jobs lost during the pandemic, 78% of operators say their restaurant doesn’t have enough employees to support current customer demand.

Read More: Restaurant Recovery Fried As “Business Conditions Worse Now Than Three Months Ago”

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