The restaurant industry expects to lose $240 billion by the end of the year!

New research from the Washington, DC-based National Restaurant Association (NRA) indicates that the US restaurant industry has lost $120 billion in sales during the last three months due to the impact of government-imposed dining room closures and lockdowns intended to curb the spread of the coronavirus.

State mandated stay-at-home policies in the United States and forced closures of restaurant dining rooms resulted in losses of $30 billion in March, $50 billion in April, and another $40 billion in May. The NRA’s latest operator survey drew more than 3,800 responses, illustrating the extensive damage to restaurant businesses since the outbreak began. It found that the restaurant industry, which experienced the most significant sales and job losses of any industry in the country during the first quarter of 2020, expects to lose $240 billion by the year-end.