Coronavirus slams foot traffic to U.S. restaurants [DailyFinance (AOL.com)]
McDonald's Corporation (MCD)
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Source: DailyFinance
slams foot traffic to U.S. restaurants Share Heidi Chung Mar 20th 2020 9:47AM No industry is immune from the rapidly spreading and deadly coronavirus, but American restaurants have been hit particularly hard. As a growing number of states across the U.S. ban dining in at restaurants, foot traffic to casual dining chains declined 11% nationally from February 19 to March 13, according to analytics company Foursquare. “We saw a decline (8-12%) in visits to casual dining chains around February 24 in the four cities we focused on (New York, San Francisco, Los Angeles, Seattle),” Foursquare noted. Foot traffic then remained stable between Feb. 24 to Mar. 8. Visits began declining again around Mar. 11, according to Foursquare. As visits to casual dining chains suffered, foot traffic to fast food and fast casual spiked 11% nationally from the week ended Feb. 19 to the week ended Mar. 13. Specifically, New York saw a 9% uptick in traffic, according to Foursquare. Then things took a turn for th
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