Food delivery platform, Zomato, said that the food delivery industry has “largely recovered”, with the overall sector clocking around 75-80% of pre-COVID gross merchandise value. In its second mid-COVID report, published on Wednesday, the company estimated that the industry will hit pre-COVID levels of business in the “next 2-3 months”. However, it also showed that dining out restaurants are looking at an uncertain future, as several of them have already permanently shut shop. Dining out industry will take a lot of time to turnaround the pandemic's impact: While it’s no secret that the COVID-19 pandemic has hit dining out restaurants hard, food delivery company, Zomato’s latest report showed just how gloomy the picture actually is: the company estimated that around 40% restaurants in India, that remain shut owing to the lockdowns, might not be able to reopen at all. Zomato said that the dining out industry is operating at a meager 8-10% of pre-COVID levels. Even in cities where lockdown restrictions have been lifted, less than 20% of restaurants are open for business, and even those are running on low capacity. In Delhi-NCR for instance, only a little over 10% of restaurants are currently open for dining out, according to Zomato. Restaurants in and around commercial districts are expected to take the longest to recover, the company said. [caption id="attachment_220055" align="aligncenter" width="691"] Source: Zomato[/caption] Zomato also said that most of the customers plan to decrease spending on dining out in the near future and some of this spend will shift…
News
Zomato says food delivery is returning to pre-COVID levels, but several dining out restaurants face an uncertain future
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...