MRM Research Roundup: End-of-April 2020-COVID-19 Effects Edition
22 Min Read By MRM Staff
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features COVID-19 crisis statistics and surveys about third-party delivery, guest expectations, QSR reliance and more.Yelp Economic AverageQ1 Yelp Economic Average (YEA), which takes a holistic look at the local economic changes since the start of 2020, focused on the economic impact of COVID-19.
Key restaurant findings from the Q1 2020 YEA include:
More than 30,000 restaurants have shut down – temporarily or permanently – as of Sunday, April 19. Consumer interest in restaurants dropped by 52 percent from March 10 to April 19. Bars and nightlife businesses were among the hardest hit, with consumer interest down 81 percent.Some businesses have had a harder time adapting their business models, including French restaurants (-62 percent in seasonally adjusted consumer interest relative to other similar types of businesses), tapas & small plates (-57 percent) and hot pot (-53…
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