Rapid Response: Ten months of pain and hope, w/restaurateur Danny Meyer

Growth Potential

Danny Meyer highlights the potential for growth in the restaurant industry despite the challenges posed by the pandemic. He believes that the current situation presents a unique opportunity for new restaurateurs to enter the market without the burden of existing debts or layoffs. Meyer envisions a future where new dining establishments can negotiate more reasonable rents and capitalize on the public's eagerness to return to dining out.

If I were a first time restaurateur, I would say this could be the greatest time ever to get into the business.

--- Danny Meyer

However, he acknowledges the pain for existing restaurants that have invested heavily in their spaces and communities 1.

   

Optimism

Meyer remains hopeful about the restaurant industry's recovery, emphasizing the resilience and adaptability required to navigate the ongoing crisis. He describes the journey as a roller coaster, with periods of optimism followed by setbacks due to fluctuating infection rates. Despite the challenges, Meyer is confident that the human desire for in-person experiences will drive the revival of restaurants.

We knew from the beginning that this was going to test every ounce of resilience and also, I think, versatility.

--- Danny Meyer

He continues to advocate for policy changes and support from the government to aid the industry's recovery 2.