We already wrote weeks ago about how the coronavirus was wreaking havoc among Chinese business owners in various cities across the U.S.
Since then, fear of the virus has been ramped up significantly, and so it should come as no surprise that people are starting to cancel events at NYC restaurants en masse, according to Eater.
Restaurants across NYC are reporting that parties are being cancelled and business is "seeing dips" since the first confirmed coronavirus case in NYC last week. And if we were willing to bet, those would not be "dips" you'd want to buy. It'll likely get worse.
As of Monday, there were 19 confirmed cases in the city and many corporate offices are encouraging employees to work from home. Hotels and restaurants are getting hit the hardest. One restaurant owner, Tom Colicchio, says his revenue is down "as much as 70%". The NYC Hospitality alliance says it's seen a "big drop" in business.
Another restaurantuer, Michael Sinensky, founder of Simple Venue, a hospitality group that runs Sushi by Bae and Sushi by Bou, says sales have dropped off by as much as 25% and he's expecting it to continue for "several weeks".
Additionally, fewer companies are booking events for the spring. Colicchio said: “It’s terrible. It’s just an unknown here. You have no idea how long it’s going to last. It’s hard to get in front of ... who knows when things will go back to normal?”