ArrowStream economists are closely monitoring and modeling the restaurant industry's re-opening on a state-by-state basis. The last week has seen several states plan to re-open, aligning with ArrowStream's COVID-19 State Ranking Model that follows each states' coronavirus response and risk. (Find the latest Model on ArrowStream's COVID-19 Resource Center.)
"Six states have or will open dine-in for restaurants with restrictions during the next week. Those states include Alaska, Georgia, Montana, Oklahoma, Tennessee and Texas accounting for just over 16 percent of annual restaurant sales, with Texas accounting for more than half of that. Five of those six states rank high in ArrowStream's Model."
"Assuming some modest success, look for other states to open in the not-so-distant future with the next big market likely to be Florida, which accounts for 7 percent of annual sales."