New York City Industry Sector Dashboards

Restaurant Sector

New York City Industry Sector Dashboards

From small, family-owned restaurants and food carts to four-star world-famous establishments, New York City abounds with restaurants that offer cuisines from every corner of the globe. The restaurant subsector (part of the accommodation and food services sector) includes food and alcoholic beverage service establishments and contributed about 11 percent of total taxable sales citywide as of March-November 2021. This was considerably less than prior to the COVID-19 pandemic, which devastated the subsector due to mandatory closures, stay-at-home and social-distancing orders, and travel restrictions. To aid this hard-hit subsector, the Restaurant Revitalization Fund was created by the federal government to provide funding to help restaurants and other eligible businesses keep their doors open. Nearly 5,500 awards totaling approximately $2.8 billion went to businesses located in the City before the program closed.