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Hungry at 3 am? You’re out of luck now
  + stars: | 2024-04-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +6 min
Not even all of 24 Hour Fitness’ gyms — the promise is right in its name — are 24 hours. The city that never sleeps, New York, has lost 13% of its 24-hour restaurants. Around half of IHOP’s 1,800 locations are back to being open 24 hours on Friday and Saturday, at the very least. Ed Endicott/Alamy Stock Photo/FilePete’s was open 24 hours, seven days a week from the 1990s until the pandemic hit in 2020. Despite the signage, Mi Tierra is no longer open 24 hours in San Antonio, Texas.
Persons: hasn’t, Waffle, , Alex Barakos, Ed Endicott, Pete’s, Barakos, , Hudson Riehle, Edward Hopper’s, Harold, Kumar Go, Stephen Zagor, Pete Cortez, Michael Silver Geo, “ There’s, ” Cortez, ’ ” Cortez Organizations: New, New York CNN, Walmart, Hollywood, Alamy, Bureau of Labor Statistics, , National Restaurant Association, Edward Hopper’s Nighthawks, Columbia Business School, of Locations: New York, Covid, Los Angeles, Chicago, Denver, Philadelphia, White, , New York City, San Antonio, Mi, San Antonio , Texas, Tierra, tuxedos
watch nowRestaurants are getting squeezedThis year, 15% of restaurant owners added surcharges, according to the National Restaurant Association's restaurant business conditions survey. Unlike other small businesses, it can be hard for restaurants to absorb or pass on price increases. Although such surcharges are unpopular among diners, Riehle expects this new business model "will become permanent." Diners are pushing backHamei Hamedi, the owner of El Patio in Berkely, California, added a 2.4% credit card fee in 2021 after raising the prices on some menu items. "We operate on such small margins and people expect us to eat the credit card fee too," he said.
Persons: Hudson Riehle, Association's, Riehle, Hamedi Organizations: El, Visa, Mastercard Locations: Berkely , California
Warmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers' minds — and wallets. In addition to higher restaurant bills, diners were also paying more at the gas pump and in grocery stores. Restaurant sales snapped back in August, which Black Box Intelligence attributed to higher consumer confidence levels as gas prices fell. Nearly half of operators surveyed by Datassential anticipate higher sales or improved traffic this summer season. Summer typically ushers in a wave of seasonal restaurant jobs to meet higher demand, particularly in the Northeast and tourist destinations.
The US is back to record-high employment, but the labor market looks nothing like it did in early 2020. For starters, many in-person service sectors are still struggling to get back to the employment levels seen before the pandemic. Transit and ground passenger transportation, which includes school buses and public transit, is also still not back to pre-pandemic employment either. "I think overall, accommodation and the broader leisure and hospitality industry will return to pre-pandemic employment levels," Zhao said. The changing labor market could be good for workersThe labor market shakeup isn't necessarily a bad thing.
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