Yelp: 60% of business closures since March are permanent

Sixty percent of the business closures since the pandemic hit in March are permanent, according to online business reviewer Yelp.

As of Aug. 31, over 160,000 businesses had closed since March 1. Nearly 100,000 of them are permanent, Yelp reported Wednesday.

The restaurant industry is one of the sectors hardest hit as social distancing guidelines have made it a struggle for them to serve customers at a sufficient capacity.

Of the over 32,000 restaurants that have closed since the pandemic, roughly 20,000 of the closures are considered permanent, according to Yelp. That’s a 61% closure rate.

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