COVID-19’s impact on the restaurant industry was fast and deep. MarginEdge, which provides back-office platforms, analyzed sales and operational data from nearly 2000 restaurants in 47 states and estimated a drop in sales of 66% between March 11 and March 22, when most of the nation was under strict lockdown.
The global pandemic, which was declared by the World Health Organization on March 11, 2020, has — through a series of alerts, lockdowns and quarantines aimed at slowing the coronavirus’ spread — accelerated change, transformed hospitality and, sadly in some quarters, decimated the industry.
Research: Contactless Features Helped Fast Casual Restaurants Outperform Full-Service Counterparts During the Pandemic
As the nation marks the one-year anniversary of the COVID-19 pandemic, MarginEdge has released an industry performance report assessing the state of restaurants at this pivotal milestone.
ALX Community kicks off their new speaker series called “Founders TALX” with Bo Davis, Founder and CEO of hospitality tech startup MarginEdge.