Industry Statistics
In a December 2023 Alliance report, 50% of respondents reported revenue decrease over past year, 37% remain optimistic for the future highlighting industry resilience
In a December 2023 Alliance report, 72% of Restaurants and Bars Cited Managing “Labor Costs” as a Main Concern
As of August 2023, 43% of operators are optimistic about future, while 38% have pessimistic expectations and just under 20% remain uncertain about the future.
In New York, only 35% that applied for the federal Restaurant Revitalization Fund received it before money ran out
More than 60% of NYC restaurant workers were immigrants in 2018, compared to 45% across all occupations
NYC’s restaurant industry had 23,650 establishments in 2019, provided 317,800 jobs, paid $10.7 billion in total wages citywide
75% of NYC restaurants & bars saw more than half of their sales decline in 2020 compared to 2019
92% of NYC restaurants & bars could not pay their full December 2020 rent
NYC represents the cuisines of more than 150 different countries
The NYC restaurant industry accounted for about 1 in 12 private sector jobs and establishments citywide in 2019
There are more than 25,000 nightlife establishments contributing $697 million in local tax revenue
New York City's nightlife supports 299,000 jobs, $13.1 billion in employee compensation, and $35.1 billion in total economic output
When New Yorkers across the 5 boroughs were asked what they love about the city, the most popular response was RESTAURANTS, according to a survey by the Partnership for NYC conducted by Morning Consult.
