Business

83% Restaurants In Country Shut Shop During Pandemic: Survey

By
OB Bureau

New Delhi: A whopping 83% of dine-in restaurants in the country have stopped operating due to the COVID-19 pandemic, according to a survey by leading food delivery company Zomato.

Of these, 10 per cent restaurants have shut down permanently and 30 per cent more are unlikely to reopen even after the pandemic is over, the survey report released on Wednesday said.

“The remaining 43 per cent, which are closed right now, are likely to open as the situation becomes better,” it added.

The report also said that the dinning industry is operating at just 8-10% of the gross merchandise value (GMV) from pre-pandemic levels.

“Nearly 60 per cent restaurateurs said they estimate to retain less than half of their original business volumes for a few months even post-COVID,” the report said.

The survey commenced on August 1 covering over 15,000 restaurants in the country, with over 1,000 restaurants in each city to understand the current state and future outlook of the industry, said a Zomato spokesperson.

OB Bureau

Recent Posts

Candidates Allege Paper Leak During OSSC Exams In Odisha’s Balasore

Balasore: Chaos prevailed at a centre for OSSC's Statistical Assistant examination at Gopalgaon in Odisha's…

October 6, 2024

2 Female Mountaineers From UK & US Stranded At 6,000m Height In Uttarakhand Rescued

Dehradun: After being stranded at a height of 6,015 metres on way to the Chaukhamba…

October 6, 2024

Israel Intensifies Airstrikes In Lebanon, Here’s 10 Points On Conflict Updates

Beirut: Israel continued to expand its bombardment in Lebanon on Saturday, reports stated. Its airstrikes…

October 6, 2024

Yellow Warning: Rain, Lightning To Hit Bhubaneswar, Cuttack & 11 Odisha Dists This Afternoon

Bhubaneswar: Rain coupled with thundershower and lightning is likely to lash at least eleven districts…

October 6, 2024

Online Registration Begins For Habisyalis For Kartika Brata In Odisha’s Puri

Puri: The online registration process for Habisyalis, women who want to observe Kartika Brata in…

October 6, 2024

After Losing Wife To Covid, Man Keeps Her Memory Alive With Silicone Statue In Odisha’s Berhampur

Berhampur: A 52-year-old man in Odisha's Berhampur brought home a silicone statue of his late…

October 6, 2024

2kg Hair Bundle Removed From Stomach Of Woman Who Ate Hair For 15 Years

Bareilly: A 2kg hair bundle was removed from the stomach of a 31-year-old woman by…

October 6, 2024

Odisha Man Killed In Explosion At Animal Fat Processing Plant In Kerala

Thiruvananthapuram: A worker was killed and two others sustained injuries in an explosion at an…

October 6, 2024