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NCRLA COVID-19 Resources

By the North Carolina Restaurant and Lodging Association

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Economic Impact on NC Restaurants & Hotels

The NC hospitality industry has been uniquely devastated during the pandemic. This section includes data and information relative to the impact of the pandemic on taxable sales, hotel occupancy, and monthly employment data.

Based on Current Employment Statistics (CES) from NC Department of Commerce, here are the latest comparisons based on Food Services & Drinking Places and Accommodations sector data.

IndustryJune 2022June 2019Compared to June 2019
Food Services & Drinking Places396,800401,500(4,700)
Accommodations44,80049,600(4,800)
  
Industry Subtotal441,600451,100(9,500)
All Industries4,935,8444,897,60738,237
All Other Industries4,494,2444,446,50747,737

Based on NC Department of Revenue Monthly Sales and Use Tax Statistics, here are the latest comparisons based on data for Restaurants, Taverns, and Hotels.

IndustryMay 2022 ($)May 2019 ($)Year over Year Comparison to May 2019 ($)Year over Year Comparison to May 2019 (%)Cumulative Change Since March 2020 ($)
Restaurants2,099,326,7461,713,696,069385,630,67723%(870,827,645)
Taverns107,034,59275,464,10531,570,48742%(39,587,228)
Hotels634,799,878434,284,639200,515,23946%(283,065,625)
    
Industry Subtotal2,430,168,3372,223,444,813617,716,40328%(1,193,480,498)
All Industries20,089,022,00813,386,749,9425,860,659,85944%65,535,494,317
All Other Industries17,658,853,67111,163,305,1295,242,943,45647%66,728,974,815

Based on Smith Travel Research data, here are the latest comparisons:

Data TypeJune 2022June 2019Compared to June 2019
Occupancy Rate (%)68.4%71.4%-3%
ADR ($)$126.34$109.4515.4%
RevPAR ($)$86.37$78.1710%

VisitNC Economic Impact Studies
6/10/22 · Source: VisitNC
6/10/22
NC Hospitality Businesses That Received PPP Loans
10/08/21 · Source: FedPay & NCRLA
10/08/21
NC Restaurant Revitalization Fund Recipients List
10/07/21 · Source: Small Business Administration
10/07/21
NC STR Report – June 2022
7/19/22 · Source: Smith Travel Research
7/19/22
NC Cumulative STR Data – June 2022
7/19/22 · Source: NCRLA
7/19/22
NC Employment Statistics – June 2022 (Food Services & Accommodations)
7/25/22 · Source: NC Department of Commerce
7/25/22
NC Monthly Taxable Sales – May 2022
7/25/22 · Source: NC Department of Revenue
7/25/22
Questions or concerns? Contact us at nroberts@ncrla.org.

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