Jan 29, 2024 - News

👩‍🍳 Stat du jour: 440 new restaurants

New restaurants on Yelp per 100k people, 2023
Data: Yelp; Map: Kavya Beheraj/Axios

In the three years after COVID-19 struck, despite growth, the number of new restaurant openings never eclipsed 2019's total.

  • That trend finally changed in 2023, new Yelp data shared with Axios shows.

By the numbers: New restaurant listings rose 16% in the Charlotte area between 2019 and 2023, Axios' Alex Fitzpatrick and Kavya Beheraj report.

  • 440 restaurants were newly listed on Yelp in 2023 in the Charlotte area, compared to 379 in 2019.
  • There were 290, 346 and 349 listings in 2020, 2021 and 2022, respectively.
  • New businesses overall in the Charlotte area increased 73% from 2019.

The big picture: Nationally, the restaurant industry is showing signs of life after a brutal pandemic-induced stretch.

  • Nearly 53,800 restaurants opened their doors across the country last year, up 10% from 2022.
  • Another way of looking at that figure: It's up 2% from 2019, meaning there's been a slight increase in openings nationally compared to prepandemic times.

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