Food Delivery Apps Slump As Americans Return To In-Person Dining
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Data from Technomic reveals that in-person dining hit a post-pandemic high in the first quarter of 2022, while food-app delivery fell to its lowest level since the fourth quarter of 2020. The decline in app usage can also be attributed to fees, tips, and higher food prices as Americans have become increasingly budget-conscious amid rising inflation and higher fuel costs. As a result, the stock values of DoorDash and Uber have fallen by 62% and 29%, respectively, since last November.
James Beard Foundation Names Restaurant and Chef Award Finalists
Image Source: James Beard Foundation
It's been 2 years since the "Oscars of the food world" held a proper award ceremony. They're back this spring with a full weekend of in-person events June 11-13 in Chicago. Here's the list of finalists along with several special award winners, including TV host Martin Yan winning a Lifetime Achievement Award and Grace Young winning the Humanitarian of the Year Award for her work supporting Chinatowns and Asian American small businesses.
Restaurants Lobby To Replenish Revitalization Fund
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In 2020, the Restaurant Revitalization Fund (RRF) promised $60 billion in funding, but it was cut to $28.6 billion. That fund was exhausted within a month, and by the end of 2021, more than 100,000 US restaurants closed permanently, according to the National Restaurant Association (NRA). When the omicron variant hit, 88% of US restaurants lost customers again. The NRA is now pleading with lawmakers to reconsider the $48 billion in pending fund applications to avoid another wave of permanent closures.
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The Great Resignation Has Hit Restaurants Harder Than Any Other Industry
Image Source: Michael Browning
Quit rates in the hospitality industry grew from 4.8% in 2020 to 7% in 2021. That's more than in any other industry, according to the US Bureau of Labor Statistics. Over the past year, while other industries have seen modest hiring growth, restaurant job growth has remained stagnant at 8%. Restaurant workers often cite factors like low pay, long hours, poor benefits, and increased potential exposure to COVID. To help retain staff, restaurateurs are beginning to offer higher pay, better benefits, and flexible scheduling. Will it be enough?
Eater Releases 2021 Restaurant Awards
Image Source: Courtesy of Eater
OK. Maybe I am a fan of roundups. At the end of the year, we take stock of things, right? We look back. We celebrate the good stuff that happened and try to learn from the bad. 2021 had a lot of good and bad for restaurants. The best thing about these Eater awards is they span more than 15 cities across the US. Even Montreal and London are included. Here's to more great places to eat in 2022.
