Another punishing month for Alberta restaurants and bars
Sales at Alberta restaurants and bars in January 2021 were down by 37 per cent compared to the previous January
By ATB Economics 26 March 2021 1 min read
Seasonally adjusted sales at Alberta restaurants and bars in January 2021 were down by 37 per cent ($301 million) compared to the previous January.
This was the 11th consecutive year-over-year drop in sales with the largest decline recorded in April 2020 when sales plummeted by 57 per cent.
Total sales between March 2020 and January 2021 were down by $2.7 billion (30 per cent) compared to the same period the year before.
Bars have taken the biggest hit with (unadjusted) year-over-year sales down by 78 per cent in January 2021 compared to January 2020.
Sales at full-service restaurants were down by 61 per cent while sales at “limited-service eating places” such as coffee shops and fast-food restaurants were down by 10 per cent.
Restaurants, pubs, bars, lounges and cafes in Alberta were allowed to open for in-person service, with restrictions, on February 8, 2021.
Nationally, year-over-year sales were down by 36 per cent with significantly lower sales recorded in all provinces and territories except for Newfoundland and Labrador.
Answer to the previous trivia question: The 65,890-capacity Raymond James Stadium in Tampa, Florida was the site of the 2021 NFL Super Bowl, but only 22,000 spectators (7,500 of which were health care workers invited as guests of the league) attended due to pandemic restrictions.
Today’s trivia question: According to Restaurants Canada, approximately how many restaurants, bars and caterers are there in Canada?