The bad news just keeps coming for the restaurant business in America. A New York Restaurant Association study covering more than a thousand operators around the state found that, unless a full-scale relief program came through, only 36.4% of the respondents thought it likely that they’d still be open in 2021. The New York Post, meanwhile, reported that almost 90% of bar and restaurant owners in New York City — often considered the nation’s dining capital — were unable to pay their rent in August.
Things weren’t any better elsewhere. The Michigan Restaurant Association estimates that 4,000 establishments statewide could close within the next six months. That trade group’s counterpart in Massachusetts says that roughly 20% of that state’s eating places — about 3,600 in all — have already fallen victim to the pandemic. A survey of Texas restaurants by the National Restaurant Association revealed that 46% of them expect to close by spring if no federal relief is forthcoming.50 Most Popular Restaurants That Won’t Reopen After the Pandemic – 24/7 Wall St.