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πŸ‡ΊπŸ‡Έ U.S. - Food and Restaurant Openings Had Mostly Recovered by Q4

by David BECK March 10, 2021

In Q3, we observed restaurant and food businesses open at pre-pandemic levels, due largely to the innovative ways business owners moved their operations outside during the milder months and prioritized opening less traditional food services – such as farmers markets and food trucks*.

Reopening Resilience, When Businesses Reopen More Than Once

During the initial U.S. outbreak of the COVID-19 virus in March, business owners and consumers assumed that nationwide temporary closures would last just a few weeks before everything was "back to normal." As the outbreak transformed into a full fledged international pandemic with waves of case volumes, business closure guidelines were lifted and restarted several times depending on the area's infection rates.

yelp reopening restaurant resilience

Yelp data tracks all temporary closures of businesses and their subsequent openings, revealing that many local entrepreneurs were forced to temporarily close and reopen multiple times throughout the year. For many industries such as restaurants and food based businesses this is a costly process. Since March 1, 173,727 businesses reopened once after a temporary closure, 38,702 businesses reopened twice, and 17,780 businesses reopened three times or more. Businesses in restaurants, food, shopping, active, health, and beauty categories comprised more than 91% of the businesses that had to reopen twice and 87% of businesses that reopened three times or more.

Despite the ongoing pandemic and surging cases, restaurants focused their operations on outdoor dining, delivery and takeout, and in some locations, indoor dining when allowed. Businesses in the restaurant and food categories had 3,512 reopenings and 1,142 reopenings in Q4, respectively.

Food and Restaurant Openings Were Down in 2020, but Had Mostly Recovered by Q4

Opening a business amidst an international pandemic is no easy feat, especially when the virus is airborne and the business is a restaurant. Entrepreneurs in the restaurant and food categories focused on health and safety, as well as new approaches to serve their customers, such as takeout and outdoor dining.


Yelp's data indicates that the number of restaurant and food business openings approached and even surpassed 2019 levels in Q4. Openings are determined by counting new businesses listed on Yelp. Restaurant and food business owners opened 18,207 restaurants nationwide in Q4, down only 4% from Q4 2019 – and down only 16% comparing the full year of 2020 to 2019. In October 2020, 12 more restaurants were opened than in October of 2019.

New openings were up year-over-year, in Q4, for grab-and-go food services including: food trucks (1,507 openings), desserts (1,410 openings), gourmet food stores (955 openings), and bakeries (913 openings).

Average price of wine regions in Florida Restaurants

We have analyzed white wines listed in local French restaurants.

1. Burgundy
2. Loire
3. California
4. Marlborough
5. Alsace

6. Bordeaux
7. RhΓ΄ne
8. Friuli
9. Trentino-Alto Adige
10. Mosel-Saar-Ruwer

11. Galicia
12. Oregon
13. Languedoc
14. Provence
15. Piedmont

Wine Trends in 2020

  • Increase of online sales / home delivery. Women have been the driving force behind wine consumption.
  • Premiumisation of the wine market as Swedish people cautious their lifestyle.
  • Organic wines increased by 17% in 2020. The are highlighted in Systembolaget stores.
  • Small formats sales increased, especially for sparkling wines in December 2010 (half bottle). Cans and small bottle are more and more popular as per single use to drink less and to try new wines. This is supported by Systembolaget.
  • Maturing wine drinkers population: the young people has consumed few wines, they've preferred drinking craft beers.
  • RosΓ© wines increased by 20% as there was a very good summer time in 2020. 80% of the rosΓ© wine sales are made during summer.
  • Low/no alcoholic wines declined, as well as sweet/dessert wines. Serving low alcohol wines is not considered popular when you invite guests at home.
david-beck

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Author: David BECK

david@mibdmarket.com


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Excerpt from our report. To learn more CLICK HERE

*Yelp

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