Findings from a recent National Restaurant Association survey paint a bleak state-of-the-state portrait for the industry.
Restaurant owners weigh in as recent survey findings paint a bleak picture of the state of the industry because of omicron.CLEVELAND, Ohio – Omicron has added to a “roller-coaster” effect for the restaurant industry as owners’ livelihood remains tied to federal aid.
Also: Nearly 50% of restaurant operators that did not receive Restaurant Revitalization Fund grants feel it’s unlikely that they will stay in business beyond the pandemic without a grant. But 94% of restaurant operators who applied for an RRF grant, but did not receive funding, said a grant would enable them to retain or hire back employees.in downtown Cleveland, echoes the sentiments of the survey respondents.
“Like John said, it’s been a real roller-coaster ride,” said Torres, who added she sees a changing course when it comes to staffing challenges. The survey findings back up Torres’ current bleak outlook. In Ohio, 90% of restaurants experienced a decline in customer demand for indoor on-premises dining in recent weeks, as a result of the spike in omicron cases, according to the Ohio Restaurant Association. As a result, 57% reduced hours of operation on days they are open while 34% closed on days they would normally be open. And 67% of operators say business conditions for their restaurant are worse than they were three months ago.
The program aims to provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
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