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As restaurants reopen, Americans are ready to dine

Source: https://www.opentable.com/state-of-industry

Data Synopsis

  • Upon reopening, seated dining in select states and cities is quickly returning
  • Reservation levels in cities dependent on tourism have been much slower to recover
  • States such as Rhode Island have quickly returned to 90% of last year’s daily volume

Dashboard

Explore the data on your own with the interactive dashboard below (desktop required, mobile coming soon) or scroll down further to see our analysis.

 

Dig Deeper

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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DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.