OpenTable data shows the absolute devastation in the restaurant industry

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The number of seated diners has plummeted over the past two months due to the Covid-19 pandemic, according to data released Wednesday by OpenTable.

Seated diners, which include reservations and walk-ins, were down 100% year-over-year starting in mid-March in every country where the company does business, according to the data.

In an effort to slow the virus, government officials have implemented stay-at-home mandates or suggested people socially distance themselves. That's led to a huge dent in restaurants, cafes and bars, all of which rely on a normally steady stream of customers. Some have tried to adapt by offering takeout, delivery or drive-through, while others have temporarily closed.

"As the COVID-19 pandemic keeps people home and some cities, states, and countries limit restaurant operations, our community of nearly 60,000 restaurants faces unprecedented challenges," OpenTable said. Restaurants reported $30 billion in losses in March and project $50 billion in losses in April. The industry expects

 

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C_Barraud Bookings are at zero, but this indicator will also be slow to catch any upswing. The demand for Opentable won't be a great proxy for total demand until restaurants start filling up.

Travis_Sawchik You really needed Open Table to tell you this?

'absolute devastation'

92rossi

Good. Everyone is staying at home

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