Tags: restaurant | opening | fourth quarter | 2020

Restaurant Openings Picked Up Pace in Fourth Quarter 2020

customers eating at outdoor part of restaurant
Customers are seen dining at Tacombi Restaurant in an outdoor structure on December 27, 2020 in the Brooklyn borough of New York City. (Michael Loccisano/Getty Images)

Tuesday, 26 January 2021 08:27 AM EST

New restaurants continued to open last year at a relatively fast pace despite the pandemic, data released Tuesday shows.

By the fourth quarter of 2020, the rate of openings fell just 4% compared with the year before, according to data compiled by Yelp Inc., which books online restaurant reservations and posts business reviews. More than 18,200 eating establishments — including restaurants, farmers markets, and food trucks — opened during the period.

For the full year, U.S. food-service launches were down just 16%, despite falling 40% in the second quarter when much of the country was in lockdown. In October 2020, 12 more restaurants were opened than in the same month of the prior year.

“Yelp’s data has shown early signs that local economies may finally be on the mend,” said Justin Norman, Yelp’s vice president of data science.

Recent restaurant openings feature more outdoor space, less table density, and designs emphasizing efficiency, according to the report.

Aside from restaurants, entrepreneurs started more professional and home services in 2020 than 2019, according to Yelp. Last quarter, for instance, landscaping (3,123 openings), painters (2,789 openings), handymen (2,242 openings), and flooring businesses (1,319 openings) were among the major new-business launches.

“As people spent more time at home, we observed home, local, professional, and auto services end the year with a higher number of new openings in December than years prior,” Norman said.

Aside from new-business launches, many existing firms had to reopen more than once. Since March, 173,727 businesses reopened once after a temporary closing; 38,702 reopened twice; and 17,780 firms reopened three times or more, according to the report. Most of these were in food services, retail, and health and beauty sectors.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
New restaurants continued to open last year at a relatively fast pace despite the pandemic, data released Tuesday shows. By the fourth quarter of 2020, the rate of openings fell just 4% compared with the year before...
restaurant, opening, fourth quarter, 2020
278
2021-27-26
Tuesday, 26 January 2021 08:27 AM
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