Restaurants Experience Surge in Sales During Eclipse

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 52 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 63%

Business News

Eclipse,Restaurants,Sales

Restaurants along the path of totality during the eclipse saw a significant increase in sales as people sought out the best locations to view the celestial event. Sales data from Square, a payments technology company, revealed that restaurants in Niagara Falls, Ontario experienced a 404% increase in sales compared to the average Monday in 2024. Similar patterns were observed in various counties in the United States, with some reporting a rise of over 500% in restaurant sales. This surge in spending is as rare as the eclipse itself, according to Square's research and data lead, Ara Kharazian.

Restaurants on the eclipse's path of totality saw a jump in sales on Monday as people flocked to find the best spots to see the celestial event, according to sales data from payments technology company Square.

This kind of spike in spending is almost as rare as an eclipse, Kharazian said, as multiple places across North America saw sales skyrocket."It is genuinely rare to see this level of highly localized and also supercharged level of spending.""It wasn't a one-day event, we know that we saw some spending leading up to the weekend as well," he added.

Demand for hotels and short-term rentals surged for the weekend ahead of the eclipse, while municipalities planned events centred around the phenomenon. Though Niagara Falls is a yearlong tourist destination, Thomson said she'd never experienced anything like what happened on Monday, with a huge crowd of people cheering every time the clouds parted.

Rated lowest margin fees by StockBrokers.com. Borrow against your securities at low cost. Rates subject to change. Your capital is at risk. -- Wall Street traders making their final bets on Wednesday’s key inflation report sent stocks lower as bonds rebounded after a recent slide.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Restaurants along eclipse's path of totality saw sales boom: SquareTORONTO — Payments company Square says restaurants on the eclipse's path of totality saw a jump in sales on Monday as people flocked to find the best spots to see the celestial event.
Source: SooToday - 🏆 8. / 85 Read more »

Restaurants along eclipse's path of totality saw sales boom: SquarePayments company Square says restaurants on the eclipse's path of totality saw a jump in sales on Monday as people flocked to find the best spots to see the celestial event.
Source: CTVNationalNews - 🏆 82. / 51 Read more »