Jan 31, 2024 - Business

Charted: Des Moines' slump in new restaurants

Data: Yelp; Chart: Axios Visuals
Data: Yelp; Chart: Axios Visuals

The number of new restaurant listings in the Des Moines metro fell 10% in 2023 compared to 2019, according to new Yelp data.

Why it matters: There was concern even before the pandemic that the DSM market had overbuilt with more restaurant seats available than demand, Jessica Dunker, president of the Iowa Restaurant Association, tells Axios.

  • COVID-19 served as a catalyst to accelerate the pace of the expected recalibration in the market, she says.

By the numbers: 91 metro restaurants were newly listed on Yelp in 2023, compared to 101 in 2019.

  • Meanwhile, new DSM-area businesses overall rose 34% from 2019, from 927 to 1,245.

The big picture: Nationally, the restaurant industry is showing signs of life after a brutal stretch brought on by the pandemic, Axios' Alex Fitzpatrick and Kavya Beheraj report.

  • Nearly 53,800 restaurants opened their doors across the country last year, up 10% from 2022 and 2% from 2019, Yelp data shows.
avatar

Get more local stories in your inbox with Axios Des Moines.

🌱

Support local journalism by becoming a member.

Learn more

More Des Moines stories

No stories could be found

Des Moinespostcard

Get a free daily digest of the most important news in your backyard with Axios Des Moines.

🌱

Support local journalism by becoming a member.

Learn more