Even with outdoor dining, 87% of NYC restaurants couldn't pay their full rent in August - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Even with outdoor dining, 87% of NYC restaurants couldn't pay their full rent in August

in the city throughout the pandemic. In the most recent update, more than a dozen restaurants announced they were closing their doors.experts told Business Insider's Kate Taylor and Irene Jiang"Even with 100% occupancy before the pandemic, it was already very difficult to survive as a restaurant in New York City," Andrew Rigie, the executive director of the New York City Hospitality Alliance, told Taylor and Jiang.

In a statement to Business Insider, Rigie said that "approximately 150,000 industry workers are still out of their jobs, and the overwhelming majority of these remaining small businesses cannot afford to pay rent. "The hospitality industry is essential to New York's economic and social fabric, and to ensure the survival of these vital small businesses and jobs, we urgently need rent relief, an indefinite extension of outdoor dining, a roadmap for expanded indoor dining, covered business interruption insurance and immediate passage of the Restaurants Act by Congress.

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:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How can they be expected to pay the full amount? There isn't enough room to make up for the lost square footage

triumphoverdarkness Thank you Jeannette Cooperman for the great coverage and for helping us to continue to remember Rwanda 25 Years later. Rwanda25YL Rwanda MarieChristineWilliams StL StLMag TriumphOverDarkness St. Louis magazine

South Africa South Africa Latest News, South Africa South Africa Headlines

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

An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sizzler files for bankruptcy as the pandemic demolishes sales at casual-dining restaurants - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Holy crap. The poors are really hurting Sizzler was still in business? 😮 NUUUUUUUUHHHH!
Source: BusinessInsider - 🏆 729. / 51 Read more »