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Food & Hospitality

Food forward

Industry tracker Black Box Intelligence found that New York-New Jersey had one of the steepest declines in restaurant sales in 2020, right beside California, New England, and the Western U.S. According to data from global strategy and marketing consulting firm Simon-Kucher & Partners, this falloff was largely due to a shift to at-home cooking, which dominated the earlier days of the pandemic and continues to affect restaurant attendance due to social distancing strictures and 25% occupancy limitations.

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Holding the line

Going into 2020, the deck was hot for New Jersey’s nine casinos, three racetracks and dozens of online gambling and sports-betting outlets. Then COVID-19 closed the gaming halls for more than three months. Now, they’re limited to 25% capacity. Meanwhile, restrictions on indoor dining and indoor gatherings have eaten into revenues. Gov. Phil Murphy has maintained the restrictions, even if not tightened, will not be loosened any time in the near future.

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