Most restaurateurs say trading conditions have declined in recent months


Most restaurateurs say trading conditions have declined in recent months, National Restaurant Association (NRA) survey finds out wednesday.

According to a survey of more than 4,000 restaurant owners, 58% said the business conditions of their restaurants are worse today than they were three months ago. Only 9 percent said conditions improved during this time.

Going forward, 44% said it would take more than a year for business conditions to return to normal for their restaurant, while 23% said it would take seven to 12 months. Another 19% said trading conditions would never return to normal.

The restaurant industry was hit hard by the coronavirus pandemic last year. While the NRA said the industry has restored many lost jobs, most restaurants said they still did not have enough employees to meet customer demand.

Additionally, 78% of operators said their restaurants experienced a drop in customer demand for indoor dining amid the delta variant.

The trade group released the survey the same day it sent a letter to leaders of Congress voicing concerns about the $ 3.5 trillion reconciliation plan – known as the “Build Back Better Act”.

The group has called on executives to replenish the Restaurant Revitalization Fund, which was passed as part of the US $ 1.9 trillion bailout to help restaurants pay salaries, mortgage payments and others. eligible expenses.

“The recovery of restaurants in our country is officially in reverse. The lingering effects of the delta variant are further drag for an industry struggling with rising costs and falling revenues, ”the letter read.

“It is against this bleak economic backdrop that we offer our contribution on the Build Back Better Act – in particular, our opposition to proposed restaurant tax increases, our renewed call for the Restaurant Revitalization Fund to be replenished, and our objections. unprecedented changes to the National Labor Relations Act that could bankrupt many companies, ”he adds.

About Michael B. Billingsley

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