Restaurant industry in NYS will lose $3.6B in April alone

The restaurant industry in New York State has been hammered by the pandemic. As result, it could lose as much as $3.6 billion in sales for April alone.

The Restaurant Association of New York on Tuesday released the findings of a nationwide survey which also polled more than 500 restaurants in the state amid the growing economic crisis in the wake of the pandemic.

Across the U.S. a total of $50 billion could be lost this month in the restaurant space.

“It goes without saying this has been the most difficult two months the industry has seen in generations,” said Melissa Fleischut, the president and CEO of the New York State Restaurant Association.

“This pandemic was more like a tsunami, with little to no time to prepare. The restaurant industry is teetering on the edge of collapse. Those staying open for takeout and delivery can hopefully tread water long enough to remain viable in the long run. For those temporarily closed, we all hope the public health data continues to improve so the economy can reopen enough to support them.”


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