Impact of restaurant closures in Canada identified by Unified Data Labs

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TORONTO, May 5, 2022 /PRNewswire/ — The impact of the pandemic has hit the Canadian restaurant industry hard and with the Restaurants Canada trade show in town May 9e at 11enew data pinpoints exactly how many restaurant businesses have been closed Canada over the past 12 months.

According to the latest findings from Unified Data Lab’s STORE CONNECT report, a monthly census of newly opened restaurants and closed restaurants, over the past 12 months in Canada a record 3,344 restaurants have closed. The US restaurant industry hasn’t fared much better with a record 29,3226 restaurants closing in the past 12 months.

“As we emerge from the 2 years of the pandemic, we are now beginning to fully understand the true impact that lockdowns and stay-at-home mandates have had on the Canadian restaurant industry. Unfortunately, many restaurant closures are independent of mothers and families restaurants, but chains such as Subway and Starbucks have also closed a record number of establishments in Canada,” said Kyle Brownco-founder of Unified Data Labs.

According to Unified Data Labs, cities with the most restaurant closures include Toronto, Montreal, Scarborough, Mississauga, Ottawa, Winnipeg, Calgary, Edmontonand Vancouver.

The restaurant industry Canada has been forever altered by the effects of the pandemic, according to Industry Expert, Robert Carter from the StratonHunter group:

“It’s a shame that so many restaurants have closed. Canadawe have always had a robust and dynamic industry, representing more than $90 billion in annual sales. But there is no doubt that the landscape has changed forever, particularly among the more enterprising, independent restaurateurs, who have been particularly affected”

About Unified Data –
Unified data drives ingenuity, innovation, and insight by following restaurant customers’ buying journeys where it all begins: online. We uncover new insights into consumer behavior in the 900 billion dollars The North American restaurant industry, from the start.

www.unifieddata.ai

Visit Unified Data Labs at the Canadian Restaurant Show. May 9 – 11

To arrange an interview or for additional information, please contact:
Kyle BrownUnified data
1-833-640-3282
[email protected]

SOURCE Unified Data Labs Inc.

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