Omicron Variant Hit Restaurant Industry Hard; Replenishing the RRF Forecast to Save more than 20,000 Louisiana Jobs
New survey from National Restaurant Association shows 10,000 jobs saved with first round of RRF Funding
The Louisiana Restaurant Association (LRA) today released new survey data highlighting the devastating impact the omicron variant has had so far, and the positive impact the Restaurant Revitalization Fund (RRF) had on the Louisiana industry. According to National Restaurant Association analysis, the first round of RRF funding saved more than 10,000 Louisiana restaurant jobs.
In addition, the survey found:
“This highlights how impactful RRF replenishment would be. The National Restaurant Association estimates indicate that full replenishment of the RRF will save an additional 20,000 Louisiana restaurant jobs,” said Stan Harris, President and CEO of the Louisiana Restaurant Association. “The RRF was a critical lifeline to many, but far more remain on the sidelines, desperately looking for support amidst continued economic uncertainty. The decisions Congress could make in the coming weeks will be critical toward the future of the restaurants that are so proud to serve our communities.”
The restaurant industry was hit hard by the latest surge of COVID-19 cases caused by the omicron variant. Forced to adapt to deteriorating consumer confidence, restaurants reduced hours/days of operation, cut seating capacity, and shutdown, pivoting to off-premises dining with the end result being lower sales volumes in 2021 than in 2019.
According to the survey, we know:
“The new data show that restaurant recovery is paralyzed and nowhere near complete. The restaurant industry is at an inflection point, and Congress must act now to replenish the RRF,” said Harris.
As a result of these findings, we are asking restaurateurs to take action here and tell Louisiana senators to support the replenishment of the Restaurant Revitalization Fund.
The Louisiana findings were provided by the National Restaurant Association Research Group, which conducted a COVID-19 Restaurant Impact Survey of 4,200 restaurant operators Jan. 16-18, 2022. Read the report of key Louisiana findings here.