55% of businesses closed on Yelp have shut down for good during the coronavirus pandemic

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55% of businesses closed on Yelp have shut down for good during the coronavirus pandemic
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6 in 10 restaurants listed on Yelp that have closed since March 1 will never reopen.

American states have been reopening their economies in the wake of the coronavirus pandemic, but tens of thousands of businesses are still closed — many of them for good.

In other words, another 15,742 businesses listed on Yelp permanently closed between June 15 and July 10. Some 26,119 shopping and retail businesses are also still closed, of which roughly half are permanent — which is up 29% from what Yelp reported last month. In May, the CEO of the OpenTable restaurant booking service warned that one in four eateries won’t be able to reopen following the coronavirus pandemic. Indeed, total reservations and walk-ins on OpenTable were down 95% on May 14 from that date the year before, and they were down 100% throughout the month of April compared to the same time last year.

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