New Restaurant Openings Are Somehow Nearly as Common as Last Year, Yelp Report Says
The COVID-19 pandemic has been devastating for the economy—and especially for the hospitality industry. .But any sort of major upheaval can also create opportunity and innovators looking at new ideas.And according to a report from Yelp, that desire to adapt means that the number of restaurant openings in 2020 isn't far off.Yelp explains that this past September saw only 100 fewer new restaurant openings than that month in 2019.And looking at the entirety of the third quarter, new restaurants openings are only down 10% from last year.Yelp suggests that some types of food businesses have seen surges as a reaction to our "new normal.".If more people are coping with the stress of 2020 with sugary treats, someone has to fill that demand