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Austin Keeps Lunch Alive Amidst Nationwide Sales Decline

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Austin Keeps Lunch Alive Amidst Nationwide Sales Decline

The American restaurant industry is hustling with a new challenge: fewer people are choosing to step out for lunch. According to the financial services platform Square, weekday lunch sales across the nation have dropped sharply over the past five years. In comparison to this distressing trend, the Texan city of Austin shows a relatively minor decrease.

An Overview of the Nationwide Situation

The Square’s Spring Quarterly Restaurant Report scrutinized the weekly transactions of eateries and bars across 23 major US cities from 2019 to 2023. The findings painted a stark picture – weekday lunch sales have decreased by staggering numbers. For instance, Dallas suffered a 7.3 percent drop, Atlanta (Georgia) saw an 8 percent dip in sales, and Boston (Massachusetts) faced a 10.1 percent decrease.

Austin’s Slow-and-Steady Approach

In contrast to the widespread sales decline in many cities, Austin’s lunchtime drop was relatively minor at 0.7 percent. This laudable statistic positions Austin just after Brooklyn, New York, which had the least decrease at 0.3 percent. Nashville, Tennessee, mirrored Austin’s performance with an equivalent 0.7 percent drop.

Effect of the Shift to Remote Work

Although the sales dip could be attributed to rising living costs, a more plausible explanation is the surge in remote work due to the pandemic. Therefore, consumers are cutting back on office vicinity lunches and after-work drinks, instead opting for weekend outings. This reallocates restaurant spending towards the end of the week. Ara Kharazian, a spokesperson from Square Research, stated, “Now with remote work, restaurant spending has shifted to the weekend, and we now see weekend traffic at its peak.”

Happy Hour and Weekend Sales Boom

The restaurant industry faces significant changes in consumer patterns. Interestingly, Austin’s restaurants reported a 0.2 percent rise from 2019 to 2023 in weekday transactions made between 4-6 pm, representing an increase in happy hour traffic. Furthermore, weekend transactions saw a robust growth of 3.1 percent.

Resilience of Austin’s Restaurant Sector

Austin’s restaurant sector displays resilience and adaptability despite the challenging business landscape. With sustained happy hour footfall, a minor weekday lunchtime sales drop, and a notable boost in weekend traffic, Austin keeps the belief in an industry revival alive. Regardless of the changing demographics and consumer behaviors, Austin remains committed to saving lunch – one bite at a time.



HERE Austin
Author: HERE Austin

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