Zomato report says 10% restaurants have closed down, 30% more could shut due to Covid impact
/New Delhi: Nearly 10 percent dine-out restaurants across the country have shut down while 30 percent more restaurants currently not operating due to COVID are not likely to reopen even after the pandemic ends, a new report by leading food delivery company Zomato said.
According to the report released Wednesday, these restaurants are among the 83 percent dine-outs that are currently non-operational. The remaining 43 percent of restaurants that are shut are likely to open as the situation improves.
“Out of the 83 percent restaurants that are not open for business, 10 percent of restaurants have already shut down permanently… an additional 30 percent restaurants might not reopen at all. The remaining 43 percent, which are closed right now, is likely to open as the situation becomes better,” said the report.
The rest of the dining industry is operating at just 8 to 10 percent of the gross merchandise value (GMV) from earlier levels pre-pandemic levels, it said.
“Nearly 60 percent restaurateurs said they estimate to retain less than half of their original business volumes for a few months even post-COVID,” the report said.
