Payments News


Shift4 Data Quantifies a Heavy Coronavirus Impact on Restaurants And Hotels

“Restaurant volume fell from 42 million transactions to 11 million, a 74% decrease for the period from the week of February 2 to past seven days. The early week in February was selected as a baseline because it lacked abnormal trends, such as Valentine’s day, says D. Taylor Lauber, Shift4 chief strategy officer. The week also predated any noticeable impact from the Covid-19 infection.  Volume at hotels decreased by a larger percentage, plunging from 144 million transactions to 20 million, an 86% drop. For all other industries, volume went from 13 million to 5 million, a 64% decrease.”