Report: Michigan Restaurant Industry Lost $491 Million in Sales Due to COVID-19 Pandemic
A recent survey conducted by the Michigan Restaurant and Lodging Association to measure the effect the COVID-19 pandemic has had on the restaurant industry in Michigan estimates a loss of $491 million in sales and more than 72,000 jobs during the first 22 days of March.
On average, restaurant operators reported a 43% decline in sales between March 1 and March 22.
The MRLA’s survey reports that 62% of restaurant operators laid off employees during the first three weeks of the COVID-19 outbreak, and that 47% anticipate doing more of this during the next 30 days.
The survey reports that 61% of operators cut employee hours, and that 60% reduced hours of operation.
The MLRA is also reporting that 1% of operators permanently closed their restaurants, and that 9% anticipate permanently closing their businesses within the next 30 days.