Data Synopsis
Dashboard
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After being completely shut down for months, restaurants are quickly recovering. According to reservation data from OpenTable as of June 3rd, seated dining volume in states such as Rhode Island have already reached 90% of last year’s daily levels.
While many states like New York, Massachusetts and Pennsylvania have not yet allowed the reopening of restaurants, some states such as Arizona, Oklahoma and South Carolina have already seen seated dining reach close to half of last year’s daily activity. The ramp-up is particularly impressive considering the seating capacity restrictions put in place by state and local governments.
On average it is taking states 16 days to reach 25% of last year’s daily reservation levels. Some states such as Arizona and Ohio needed just five or eight days, respectively. Other states such as Tennessee and Georgia, which reopened earlier in the year, needed 31 and 26 days, respectively.
As would be imagined, at a city level, the data showed a wide disparity. Atlanta, GA, one of the first cities to reopen and one reliant on tourism, has seen just one day with reservation volume above 25% of last year’s. Meanwhile in Naples, FL, reservations have already reached 80%. Equally impressive is Cincinnati, OH where seated dining reached 60% of last year’s level in just 13 days. For the most part, if you open – we will come.
Assuming this rate of recovery continues, the economy may be in solid shape in the coming months. This would be a big help to reducing the country’s large unemployment numbers.
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