The National Restaurant Association is publicly urging Congress to pass new stimulus to help the industry damaged by the epidemic. The group said Monday that in addition to 110,000 previously closed in 2020, 10,000 restaurants could close in the next three weeks.
The group released results from a survey of 1,000,000 rest restaurant rent operators, which found that 87% of full-service restaurants had an average 36% drop in revenue and 83% expected sales to increase in the next three months as the virus continued. Bad “will happen. Hit the United States.
“In short, the restaurant industry can no longer wait for relief,” Sean Kennedy, the group’s executive vice president, said in a release. He advocates for a “true compromise” between rival Democrat and Republican proposals and hopes for a major stimulus package in 2021 under the incoming Biden administration.
Bilateral stimulus proposals could be unveiled this week. It is not clear whether the group wants to include an extension of the Paycheck Protection program.
Another step, known as the Restaurants Act of 2020, was passed by the Democratic-controlled House on October 2 as part of a 2 2.2 trillion stimulus relief package. But it has not been taken up by the Republican-controlled Senate and it is unclear if it will be part of a final relief package.
Some U.S. Restrictions on indoor dining capacity in the states and other lockdown conditions such as curfews have devastated the industry. Several national chains have filed for bankruptcy this year, including Ruby Tuesday and the California Pizza Kitchen, which has closed hundreds of locations.
This week, a business owner in Los Angeles who was forced to close his restaurant said Rest by Rents and other small businesses are being unfairly targeted by California’s new and stricter stay-a-home order.
