The COVID pandemic handed a heavy blow to the restaurant industry, forcing many dining establishments to down their shutters, lay off staff, and operate at severely reduced capacity. Because it meets the human need for food and social gathering, however, many experts say the restaurant industry will have a powerful return post-pandemic as COVID restrictions are lifted.
Experts believe that pent-up demand for dining out will trigger a strong revival of the restaurant industry ahead of hotels, airlines, theatres, and cruises, among other industries. Ahead of this likely situation, it could be the right time for investors to take a close look at RDE Inc. (OTCQB: RSTN), the owner and operator of digital restaurant deals platform Restaurant.com.
One upper hand the restaurant industry has over others in hospitality is convenience. There is no need to buy tickets, book a room or make travel arrangements months in advance to go to a restaurant; you simply go. Restaurant.com adds another dynamic to the convenience factor by giving consumers access to digital coupons, rewards, loyalty benefits and incentives. As such, RDE stock could be a barometer of wider industry growth as the company enjoys the fruit of its preparation ahead of what could be its biggest season of opportunity.
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