People scared to die or spread a viral infection to loved ones => reduction in eating out, going to concerts, or traveling => major economic pain for the service industry.
People scared to die or spread a viral infection to loved ones => reduction in eating out, going to concerts, or traveling => major economic pain for the service industry.
https://www.economist.com/graphic-detail/2020/05/19/american...
Getting people to come back will require making them feel safe, regardless of whether the government says they can open.
That said, at least in the US, there are quite a lot of people that will go back as soon as lockdowns end. And in-person service is a big deal, because people dining in drink a lot of booze, which is a big moneymaker. If I ran a restaurant, I'd be praying for this moment.
Government orders businesses to close => restaurants, concerts, stores are closed => people can't eat out, go to concerts, buy stuff => major economic pain for the service industry
Restaurants saw a decline in bookings before those lockdown orders, and haven't bounced back to normal in opened-up states.
https://www.economist.com/graphic-detail/2020/05/19/american...