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Restaurant Industry in Free Fall; 10,000 Close in Three Months

WASHINGTONDec. 7, 2020 /PRNewswire/ — Today, the National Restaurant Association sent a letter to Congressional leadership, sharing new survey findings that illustrate continued business deterioration across the restaurant industry and offering support for the moderate compromise proposal as a ‘down payment’ toward a larger relief package in early 2021.

“What these findings make clear is that more than 500,000 restaurants of every business type—franchise, chain, and independent—are in an economic free fall,” said Sean Kennedy, executive vice president for Public Affairs in the letter. “And for every month that passes without a solution from Congress, thousands more restaurants will close their doors for good.”

The National Restaurant Association Research Group conducted the survey of 6,000 restaurant operators and 250 supply chain businesses Nov. 17-30, 2020, and the findings were stark: