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Thursday, March 19, 2020

Update: Decline in Restaurant Traffic

by Calculated Risk on 3/19/2020 01:11:00 PM

There are some sectors that will be hit hard over the next several months: hotels, airlines, restaurants, movie theaters, sporting events, and convention centers.   People will probably avoid these places as part of social distancing.

Thanks to OpenTable for providing this restaurant data:

Move Box Office Click on graph for larger image.

This data shows the year-over-year change in diners as tabulated by OpenTable for the US, the states of Washington and New York, and a few impacted cities (Seattle, San Francisco, and Boston).

This data is updated through March 18, 2020.

The US was off 91% YoY as of yesterday.

San Francisco, Boston and Seattle are off 100%. Going forward, restaurants have close in most states (except take out and pick up)

The laggards are Oklahoma (off 70%), Hawaii (off 71%) and Alabama (off 78%).

When the crisis is ending, I'll post this data again.