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Friday night takeout is keeping U.S. restaurants afloat during economic, COVID-19 crises
More restaurants will permanently close without PPP funding: Charter Holdings CEO
Charter Holdings CEO Ray Washburne argues the restaurant industry is on track for more permanent closures without more PPP money.
While the COVID-19 pandemic has marked the end of weekly traditions like Taco Tuesdays, Wine Wednesdays, and Sunday brunches, new habits like ordering Friday night takeout and delivery may be bringing economically-devastated restaurants back from a point of no return.
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According to a report in The Washington Post, companies are reporting a spike in off-premises dining in the second quarter of this year, with figures from market research firm Technomic doubling Friday and Saturday night to about 24% of overall sales.
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Technomic collected data from 27,000 chain restaurants.
In addition, delivery tracker and loyalty-based marketing and financial service Rewards Network found that the average number of delivery and takeout orders since the beginning of the pandemic was 31% higher on Fridays and the average order dollar value had been raised 34%.