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Coronavirus lockdown drains $225 billion and counting from US nightlife industry: trade group

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Nightclubs have now lost more than $225 billion due to the coronavirus lockdown, according to one trade group.

As restaurants and bars across the country reopen with occupancy restrictions in place, nightclubs are caught on the outside looking in on plans to safely get back to normal.

“In the past three months, we've had a loss of about $225 billion,” ANA President Juan Carlos Diaz tells Yahoo Finance, adding that getting to reopen under limited occupancy is a step in the right direction, but still likely to hinder clubs more so than restaurants. While advocating for the idea of temperature testing patrons, Diaz rejected the idea of testing club patrons at the door, calling it unrealistic.

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Source: Reuters - 🏆 2. / 97 Read more »