US Restaurant Openings Quicken, Hinting At Rebound Taking Hold

New restaurants continued to open last year at a relatively fast pace despite the pandemic, data released Tuesday show. US Restaurant Openings Quicken, Hinting At Rebound Taking Hold

By the fourth quarter of 2020, the rate of openings fell just 4% compared with the year before, according to data compiled by Yelp Inc., which books online restaurant reservations and posts business reviews. More than 18,200 eating establishments — including restaurants, farmers markets and food trucks — opened during the period.

For the full year, U.S. food-service launches were down just 16%, despite falling 40% in the second quarter when much of the country was in lockdown. In October 2020, 12 more restaurants were opened than in the same month of the prior year.

“Yelp’s data has shown early signs that local economies may finally be on the mend,” said Justin Norman, Yelp’s vice president of data science.

Recent restaurant openings feature more outdoor space, less table density and designs emphasizing efficiency, according to the report.

Aside from restaurants, entrepreneurs started more professional and home services in 2020 than 2019, according to Yelp. Last quarter, for instance, landscaping (3,123 openings), painters (2,789 openings), handymen (2,242 openings), and flooring businesses (1,319 openings) were among the major new-business launches.

“As people spent more time at home, we observed home, local, professional and auto services end the year with a higher number of new openings in December than years prior,” Norman said.

Aside from new-business launches, many existing firms had to reopen more than once. Since March, 173,727 businesses reopened once after a temporary closing; 38,702 reopened twice; and 17,780 firms reopened three times or more, according to the report. Most of these were in food services, retail and health and beauty sectors.

U.S. Restaurant Openings Quicken,U.S. Restaurant Openings Quicken,U.S. Restaurant Openings Quicken,U.S. Restaurant Openings Quicken

Related Articles:


Carolyn’s Natural Organic Handmade Soap

Essential Oils User’s Guide

We Now Live In A World With Customized Bar Soaps, Lotions And Shampoos

Why Interior Designers And Home Stagers Prefer Bar Soap Over Liquid

Parabens: A Cancer-Causing And DNA-Damaging Preservative Used In The Food And Cosmetic Industries

Carolyn’s Organic Handmade Soap vs Toxic Lipsticks, Bar Soaps And Lotions (Facebook Group)

Our Facebook Page

Your Questions And Comments Are Greatly Appreciated.


Carolyn A.

Testimonials

Lara Smith

I really like this soap. Great price a a nice mild scent. I do not care for overly scented products and this was fine.
This would make a great gift!

Lara Smith

I really like this soap. Great price a a nice mild scent. I do not care for overly scented products and this was fine.
This would make a great gift!

Tina A.

Customer

Great price a a nice mild scent. I do not care for overly scented products and this was fine.
This would make a great gift! I really like this soap.

Tina A.

Customer

Great price a a nice mild scent. I do not care for overly scented products and this was fine.
This would make a great gift! I really like this soap.